Tesla - Breakout After Almost 4 Years!

19 thg 9

Tesla (TSLA) is finally breaking out of the triangle pattern:



Click chart above to see the detailed analysis👆🏻

After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022.

Levels to watch: $250, $370

Keep your long term vision,
Philip (BasicTrading)

26 thg 9

Giao dịch đang hoạt động

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

If Tesla actually manages to close above the resistance trendline and even better also above the horizontal structure, everything is ready for a major move higher. First target is a +50% move, back to the all time highs, then a breakout and then another parabolic rally.

Levels to watch: $250

Keep your long term vision,
Philip (BasicTrading)

1 thg 10

Giao dịch đang hoạt động

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

As anticipated, Tesla finally managed to close above the triangle resistance with a strong move of +22% over the past month. The next target is the previous all time high, which is still about 60% higher. This just should not turn into any king of false bullish breakout now.

Levels to watch: $400

Keep your long term vision,
Philip (BasicTrading)