TSLA Bull Case Scenario
Updated
Tesla has recently broke out the wedge pattern (the largest wedge so far). The immediate price target is $589 based on the Fibonacci Trend. Expect volatility before reaching the next resistance and potential correction. Overall Tesla is bullish and I do not see any immediate short term trend reversal.
Trade closed: target reached
Immediate price target of $589 has been achieved earlier than expected. Tesla is now closed slightly lower. Happy trading!
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