Update: Bullish TSLA

Update!: TSLA has broken up from a strong resistance line, I'm awaiting confirmation before opening a long position, my TP would be ~$750 as that begins our major resistance


TSLA has been consolidating since our explosive run early this year, I believe a breakout to the upside is imminent for the following reasons:

• We're riding a support line that has held up since the March '20 COVID-19 crash
  
• Bulls have gained control over the 50 MA, which is providing reinforcing support to the major support mentioned prior
  
• We had a major Symmetrical Triangle pattern breakout to the upside early August, showing bullish strength
  
• Finally, on a more technical view, RSI is showing a comfortable position while we dance against the upper side of our resistance. As well as MACD is turning over to a bullish momentum.
  

In red I have identified our resistance, and in green is support.
The bottom green parallel channel represents our major support and buyer interest zone, while our upper red channel shows our major resistance zone , one which I believe we will bounce off of after a breakout, before finding support around $720, and continuing upward.

Best wishes, Good luck.
Comment your ideas!