TeslaUpdated Cups, Handles, Wedges, Downtrends and moving averages. Oh My!
TSLA is at a pivotal crossroads. A potential cup and handle is nearly complete. A wedge has formed that is begging Tesla to go up or down. Tesla is nearing the top of the downtrend channel, and currently fighting at the 50-day moving average. All that with the P&D report coming on July 2 or 3. If the numbers are good, breakouts of the cup and handle, wedge, 50 day MA, and the 6 month downtrend channel will all happen at once. Look out above!
Note
Breakout happening. Buying more for the upcoming run-up.Note
Breakout stalling ahead of Production and Delivery report due by tomorrow. Rumors say P&D report will be good. Buying moreNote
Breakout confirmed on strong P&D report. Locking in some profits and look for $295 target.
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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.