TradingShot

TESLA Strong short-term Buy

Long
NASDAQ:TSLA   Tesla, Inc
Tesla ( TSLA ) has been trading within a long-term Channel Down pattern ever since its November 04 2021 All Time High but is within a short-term Descending Triangle since May. Yesterday the price tested the Lower Highs of that Triangle. The pattern's Support has so far formed a Double Bottom exactly on the wider Channel Down pattern Lower Lows. A break above the Lower Highs of the Triangle should be enough to kick start the next wave to the top of the Channel Down, similar to the March 17 bullish break-out. The 1W RSI is on Higher Lows.


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