Hello Traders and Investors, my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla💪
After Tesla stock broke out of the parallel channel all the way back in 2019 there was a super solid rally of more than 1500% towards the upside on this stock.
You can also see that Tesla just retested and started to reject previous weekly structure and in confluence with bullish moving averages we could see more continuation towards the upside.
Finally I am waiting for a daily shift back to a bullish market which will happen if Tesla breaks the current daily resistance level and then all 3 timeframes are pointing towards a move higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
You are like superman with spidey-senses. Insanely crazy how often you get it right (close to near-perfection). I am a starting investor, with a very small budget, 'risking' what I have for a better tomorrow. You, sir, are my hero. ( And yes, I should listen to you more often :) )
Have a great day & thank you for helping me (and us) towards [ slow but ] steady tomorrow
basictradingtv
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@Hitman47code, thanks a lot, really appreciate the kind words ;)