Ascending triangle with similar tops and higher bottoms. Wait until it is broken to the upside or downside. Such triangles can be bullish (usually) or bearish, so one needs to wait for breakout for a better entry. With recent events around Musk and still a poor balance sheet, I feel that the resistance around $390 has become too strong and Tesla stock will tank in the future. If you short the stock, watch for the support level and decide whether to keep holding your position or not.
I JUST noticed the ascending triangle. Things are going to be interesting in the next few months. Grab your popcorn! I'll be hodling my long position unless I see it break down, keeping a close eye on that support!
worldsapart89
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@rbownb, Nice. As I said, ascending triangles are usually bullish, but sometimes they become your enemy. There is a lot of drama going on right now, so this stock can go either way in the near future. Good luck!