Hello Traders and Investors, today I will take a look at Tesla.
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Explanation of my video analysis:
In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120.
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Keep your long term vision, Philip (BasicTrading)
Comment
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Well, Tesla so far perfectly playing out as mentioned in the analysis.
Next support is back at the previous lows so we still have some way to go!