TeslaLong
$TSLA's macro cup-and-handle pattern ahead of split
TSLA managed a classic reversal on Friday as it reclaimed $857.50 for a move above $900. The overall chart pattern looks like a cup and handle which will trigger above $915-930 for a move past $1000. See if it absorbs early weakness today and manages to stay above $890 in order to keep this pattern intact. We are long calls for this week and for mid-September in case this pattern materializes. The stock splits on Friday. Elon Musk just announced a new milestone as the EV leader produced 3 million cars. See if poor Chinese data impacts the stocks this week or not!
Disclaimer
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.