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TheTradingStar
Mar 18, 2024 1:57 AM

$TSLA - BULLISH FIB Extension $504.51 and $753.38 Long

NASDAQ:TSLA1W
Tesla, Inc.NASDAQ

Description

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TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid 160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the 260s after a potential double bottom reversal.

Comment

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Today price movement has substantiated the DOUBLE bottom.

Comment

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Close above $180 @ 20EMA this week and it will fill the $187 GAP very quickly.

Comment

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That bullish Double Bottom still holding strong.

Comment

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Today marked a bullish triple bottom.

Comment

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Heading to fill the gap at 187, then next gap target is at 207
Trend AnalysisChart PatternsTechnical IndicatorsTesla Motors (TSLA)tslalongtslaanalysistslaforecasttesla
Comments
Allure016
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Tesla is not a profitable company.
xxxxxxx-xxxxxxx
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@Allure016 It does not matter, the price is based on the future and number of people investing
Allure016
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@xxxxxxx-xxxxxxx data says whales are no longer investing
djplayer5016332
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@Allure016 check the last 4-5 years of earnings and you find that they are indeed profitable with industry leading margins no opinions just data
Allure016
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@djplayer5016332 Its dying. They have no competitive edge. Tsla is going sub 130 next month. Price is dumping as we speak.
Spiffert
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@Allure016, that comment will not age well 🤣
dauliyabishow
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Optimism at it's best. Lol!
SithKandi
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If we are to follow chart pattern recognition, this makes sense. However, that price movement is a lot. It's going to take a lot of buyers to push that up to that zone. It's expected but I don't think it's soon
razmohammad
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But I hope he is right on Tesla
razmohammad
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His predictions are garbage
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