Tesla broke out of a wedge and formed a hammer candle stick today (bullish indicator)
Price action has been forming an upward trend since last week, as it has been making higher highs and higher lows.
My first target is $635 and if it breaks through that area of resistance, then it can keep running to the next area of resistance around $665.
I am also watching to see if it rejects or breaks through the 50 EMA (green line) before the $635 resistance level.
Price action has been forming an upward trend since last week, as it has been making higher highs and higher lows.
My first target is $635 and if it breaks through that area of resistance, then it can keep running to the next area of resistance around $665.
I am also watching to see if it rejects or breaks through the 50 EMA (green line) before the $635 resistance level.
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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.