Tesla has received an upgrade from MS and looking to breakout of the flag pattern.
Price has been holding above the 20ema daily running up to the upgrade.
I will be targeting gap close at the $290 zone eventually while $242 holds.
A bullish flag is a price action pattern that indicates a continuation of an uptrend. It consists of two parts: a pole and a flag. The pole is a sharp rise in price, and the flag is a period of consolidation or pullback. The pattern is confirmed when the price breaks above the upper boundary of the flag and resumes the uptrend.
Price has been holding above the 20ema daily running up to the upgrade.
I will be targeting gap close at the $290 zone eventually while $242 holds.
A bullish flag is a price action pattern that indicates a continuation of an uptrend. It consists of two parts: a pole and a flag. The pole is a sharp rise in price, and the flag is a period of consolidation or pullback. The pattern is confirmed when the price breaks above the upper boundary of the flag and resumes the uptrend.
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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.