Tesla broke out of its trading channel and above a major resistance line. The volume seem to be increasing and should have another green candle after this unless this was bull trap. If the price goes back into the trading channel, it would hit the lower boundaries in the next few days, but if forms another green candle, there is a good chance we hit ATH soon. But before it gets there, we should revisit this newly formed support level at 776. That would be a good dip to buy depending on the volume.
Note
Another 2% to hit the target!
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.