Tesla Defying Gravity

Dec 25, 2019Long-term bullish with a technical potential of reaching and passing 600 by mid 2020 (technical high: ca. 640). Double checked with 'quarterly' and 'yearly' candles as well, while the 'monthly' candles suggest a continuation past the formation towards 500, rather than a partial reversal at this level. Only thing that could hold this off right now is a market correction.

RSI also suggests a direct continuation here. Once the second RSI resistance is reached, the stock could consolidate with a "partial decline" for a few months, then either pump through towards 600 (best case scenario), or correct further down (worst case scenario).




ADX projects a bullish signal as well:

Dec 26, 2019

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Dec 29, 2019

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4H Close-Up on TSLA's most probable moves.

Jan 13, 2020

Trade closed: target reached

Careful at current levels. TSLA is still within its technical possibilities with even higher targets at around 540-580, but I would advise to exit long positions within the next few days, definitely this week. While still bullish above "X", the stock could fail at any given moment.

Jan 13, 2020

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Where to aim if the stock fails:

Jan 30, 2020

Trade closed: target reached

Looks like TSLA will attempt to reach 700 next before making base around 600.