Tesla - Finally exiting consolidation...

25 thg 6

TSLA has been consolidating for four years and is ready for a (bullish) breakout.



We have a beautiful repetition of cycles on Tesla: Long term consolidation followed by a qiuck and agressive move higher followed once again by a long term consolidation. Tesla entered such a consolidation about four years ago and is now simply ready for another bullish breakout and an agressive move higher. It is just a matter of time until the triangle pattern breaks...

Levels to watch: $120, $220

Keep your long term vision,
Philip - BasicTrading

1 thg 7

Ghi chú

Quick update on Tesla:

Strong moves can happen in a very short period of time. And Tesla is definitely a candidate for these types of "unexpected" rallies. However if Tesla manages to break out of the triangle, the following rally will not be "unexpected" at all.

Levels to watch: $220

8 thg 7

Ghi chú

Quick update on Tesla:

Being an optimist when it comes to life and specifically trading is a major advantage. We always have to look for reasons why something might be going up and on Tesla we have it: A triangle breakout. Just look what happened last time!

Levels to watch: $250, $400