Get started
Tesla
Long

Very bullish on $TSLA

By rfc4
Updated
Looks absolutely primed. Bouncing off all the monthly VWAPs/EMAs. Loads of price support. This could easily go to $276 and potentially $360.

I suspect this may go nuts if the Feds cut rates in Sept.
Note
Bearish engulfing on the QQQ may weigh this down for a bit. Very possible that we get a really tight consolidation through October/November.
Note
Looks like a retest on the breakout. Note that the price is above all EMAs with monthly VWAP support coming in. Earnings coming up and if I had to guess, we see absolutely stupid numbers causing this to tip up.
Trade active
Retest confirmed and now we're starting to trend higher. This thing has plenty of room to go over the next 6-9 months and it wouldn't surprise me if we see a test of 400s again.
Trade closed: target reached
Welp. It happened faster than I expected. Tesla to the moon. Lfg!
Trend Analysis
rfc4

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.