Tesla - The Failed All Time High Breakout!

Feb 6

Tesla (TSLA) will reject the all time high first:



Click chart above to see the detailed analysis👆🏻

Tesla was actually not able to create a sustainable all time high breakout and if a stock doesn't move up, it will come down. However Tesla still remains absolutely bullish and is now starting to create a textbook break and retest which will eventually still lead to new all time highs.

Levels to watch: $400, $280

Keep your long term vision,
Philip (BasicTrading)

Feb 14

Trade active

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

We are seeing a lot of volatility lately on Tesla which could be the first sign of big institutions actually closing some of their profitable positions and preparing for another -20% drop. However looking at the bigger picture, Tesla remains bullish and the target is a new all time high.

Levels to watch: $400, $280

Keep your long term vision,
Philip (BasicTrading)

Feb 24

Trade closed: target reached

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

A lot of volatility later, Tesla is now slowly approaching the major horizontal structure which has been respected over the past four years. Looking at the overall trend a bullish reversal is much more likely and together with the triangle breakout, this could lead to new highs.

Levels to watch: $400, $280

Keep your long term vision,
Philip (BasicTrading)