Hello traders and investors! Let’s see how Tesla is doing today!
Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart.
We may see pullbacks along the way, and this would be natural and expected. A pullback to the green line again or to the 21 ema shouldn’t be scary at all and would only offer opportunities to buy. Also, we may have a Breakaway Gap here, but it is too soon to say this.
Let’s see the daily chart:
Since there’s a Triangle chart pattern here, and we have a breakout with a possible Breakaway Gap, the daily chart suggests it could hit the Triangle’s top at the All Time High, around $ 502. But the resistance at $ 461 is still there, and it may offer a challenge for Tesla in the short-term.
So far, there’s no reversal sign around, and as long we don’t see one, Tesla will just continue going up. Pullbacks are expected, but usually, they just offer us opportunities.
If you liked this idea, please, support it! And follow me to keep in touch with my daily studies. I’m sure you’ll find something helpful around.
Trade well, and stay safe.
Tesla is following the good mood seen in the US stock market and is going up nicely. It defeated its resistances at the green line, and the purple line, which we discussed about yesterday, and now the next target is the $ 461 in the hourly chart.
We may see pullbacks along the way, and this would be natural and expected. A pullback to the green line again or to the 21 ema shouldn’t be scary at all and would only offer opportunities to buy. Also, we may have a Breakaway Gap here, but it is too soon to say this.
Let’s see the daily chart:
Since there’s a Triangle chart pattern here, and we have a breakout with a possible Breakaway Gap, the daily chart suggests it could hit the Triangle’s top at the All Time High, around $ 502. But the resistance at $ 461 is still there, and it may offer a challenge for Tesla in the short-term.
So far, there’s no reversal sign around, and as long we don’t see one, Tesla will just continue going up. Pullbacks are expected, but usually, they just offer us opportunities.
If you liked this idea, please, support it! And follow me to keep in touch with my daily studies. I’m sure you’ll find something helpful around.
Trade well, and stay safe.
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👉 Join the 5%: thefinancehydra.com/
💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
