TSLA, Confirmed Formation, High Volatility Pointing On Targets!

Hello Traders Investors And Community, welcome to this analysis about the TSLA stock, its recent events, the current importance of trend, and what we can expect from the stock the next time. As I mentioned in previous analysis there are companies profiting off the crisis and put away the economic damage in a reasonable manner and others which showing clear bearish signs and potential to the downside, in this case, TSLA is a typical stock to mentioned which survived the heavy corona-breakdowns and the resulting fears on the global market in a good manner, not only because the world is getting to think more in a sustainable fashion because of the health crisis where the new electronic car technology is not far away, therefore it formed this huge inverted head and shoulder formation and confirmed it the stock is now pointing on to its targets, furthermore I discovered some more interesting signals which can prove worthwhile in determining the stocks further outcome.

As you can watch in my chart TSLA just hooved up to the roof since it confirmed the inverted head and shoulder formation and is now forming a strong and solid uptrend which is pointing to the remaining full-head-and-shoulder-target you can watch in my chart at the 2150 level. When the stock reaches this level it is possible that there will come a smaller when not bigger pull-back as the stock is oversold and people taking profit in that level, now this does not mean the uptrend is completely over this can mean that TSLA will show some corrections to the downside before looking to reverse, therefore it is important to hold the blue support line you can watch marked in my chart, this line serves as important support and when TSLA falls below it the possibility for a bigger bearish continuation increases steadily. For now, TSLA will continue its rise and we will examine how the status will be when it reaches the upside targets.

What is building up this bullish environment beside the breakout and high volatile movements is the fact that TSL is trading way above the 100-EMA in green and the 800-EMA in black which is building a stock stronger than the market as I mentioned in previous analysis there are stocks weaker than the market trading below these meaningful EMAs and stocks trading above them which can be a good measure to determine the current condition of the individual single stock in comparison to rest of the market which has changed and building up big differences since the corona-breakdowns seen this year. Also, a big fact for the bullish rising of TSLA is its newly electronic car technology which other traditional car manufacturers lag somewhere in the back and TSLA is building a pioneer here with the demand for a sustainable lifestyle increased within the coronacrisis we will see how this will develop further and if traditional cars technology holds its standpoint or the new electronic cars boost further.

In this manner, thank you for watching, support for more market insight, have a great day and all the best to you!
Intercession is the key of the morning and the fastener of the evening.

Information provided is only educational and should not be used to take action in the markets.