Hello traders and investors! Let’s see how TSLA is doing today!
We finally hit our target that we set on Sep 7, at $ 780! At the time, TSLA just reached our previous target at $ 753 (link below). Despite the short-term noise, TSLA couldn’t resist the trend, and ultimately, did what it should’ve done. Now, we are above our target, so, what to expect next?
First, we’ll set a new target, at $ 821. This is a previous resistance, and it is the point TSLA did a Dead Cat Bounce in February. Just check the daily chart:
It’ll be quite interesting to see TSLA recovering to this level, the same point it started to melt just a few months ago. It’ll be quite symbolic, and a true sign of resilience.
We just don’t know how it’ll hit there. Maybe it’ll go straight to our target, but we can’t discard completely the possibility of a pullback. If TSLA drops, we have 3 support levels to work with: The 21 ema; the $ 760s (previous resistance zone); and the $ 780, which was our previous target.
Any bullish reaction around these supports, will be another opportunity to buy.
I like how the volume is looking right now, slightly above the average during a breakout.
These are all good signs for TSLA. Let’s see how it’ll play this week. Remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it!
Have a good day.
We finally hit our target that we set on Sep 7, at $ 780! At the time, TSLA just reached our previous target at $ 753 (link below). Despite the short-term noise, TSLA couldn’t resist the trend, and ultimately, did what it should’ve done. Now, we are above our target, so, what to expect next?
First, we’ll set a new target, at $ 821. This is a previous resistance, and it is the point TSLA did a Dead Cat Bounce in February. Just check the daily chart:
It’ll be quite interesting to see TSLA recovering to this level, the same point it started to melt just a few months ago. It’ll be quite symbolic, and a true sign of resilience.
We just don’t know how it’ll hit there. Maybe it’ll go straight to our target, but we can’t discard completely the possibility of a pullback. If TSLA drops, we have 3 support levels to work with: The 21 ema; the $ 760s (previous resistance zone); and the $ 780, which was our previous target.
Any bullish reaction around these supports, will be another opportunity to buy.
I like how the volume is looking right now, slightly above the average during a breakout.
These are all good signs for TSLA. Let’s see how it’ll play this week. Remember to follow me to keep in touch with my daily updates, and please, support this idea if you liked it!
Have a good day.
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