Cups, Handles, Wedges, Downtrends and moving averages. Oh My!
TSLA is at a pivotal crossroads. A potential cup and handle is nearly complete. A wedge has formed that is begging Tesla to go up or down. Tesla is nearing the top of the downtrend channel, and currently fighting at the 50-day moving average. All that with the P&D report coming on July 2 or 3. If the numbers are good, breakouts of the cup and handle, wedge, 50 day MA, and the 6 month downtrend channel will all happen at once. Look out above!
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Breakout happening. Buying more for the upcoming run-up.
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Breakout stalling ahead of Production and Delivery report due by tomorrow. Rumors say P&D report will be good. Buying more
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Breakout confirmed on strong P&D report. Locking in some profits and look for $295 target.