Tesla keeps following the same exact pattern. runs up $65, falls back. runs up $65, falls back. TSLA will most likely be included in th S&P 500 this week which will most likely rocket the stock to even more ridiculous levels. My price target is $540, but... For some reason, I feel this is going to $700. we shall see
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Soooo this $540, probably wont play out, but who knows. I meant to add the effect if we broke the trend. Price target would have been hit exactly. Now we are in an even more accelerated downtrend than we were in a uptrend. If this channel breaks to the upside, we could possibly see $500 very quickly. I anticipate an announcement for inclusion into the S&P after hours tomorrow or next week. If we remain in this channel, we should break through $400 tomorrow and hit support around $386. Worst case, we just float in this trading zone till next week
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.