Tesla looks to be repeating a chart pattern it produced in 2013.
The current bull flag break out is currently being retraced.
If it breaks out of diagonal resistance a price increase to $450-$500 could happen.
I formulated this price target by taking the current 0 - 3 length in darker blue and having the same distance on the log chart. This also coincides with the potential inverse head and shoulder PT with LHS being formed in May 2022 and the RHS forming currently.
Just an idea...
The current bull flag break out is currently being retraced.
If it breaks out of diagonal resistance a price increase to $450-$500 could happen.
I formulated this price target by taking the current 0 - 3 length in darker blue and having the same distance on the log chart. This also coincides with the potential inverse head and shoulder PT with LHS being formed in May 2022 and the RHS forming currently.
Just an idea...