On Monday I posted a bullish chart of Tesla because it seemed to be breaking out of a wedge, price had been forming an uptrend on the daily chart.
The 9-20 EMA were acting as a form of support the last couple days - prior to the breakout today.
TSLA broke through resistance at $635 as well as the 50 EMA (green line) - MACD momentum also looks bullish.
My next target is resistance at $664-$665 range.
The 9-20 EMA were acting as a form of support the last couple days - prior to the breakout today.
TSLA broke through resistance at $635 as well as the 50 EMA (green line) - MACD momentum also looks bullish.
My next target is resistance at $664-$665 range.
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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.