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LeLaf
Nov 7, 2021 6:43 PM

TSLA: Bullish Flag (43%) Ascending Triangle (97%) Long

Tesla, Inc.NASDAQ

Description

TSLA is continuing to trend up with no end in sight.
The daily chart shown a bullish flag with a possible 43% gain from here for a possible price target of 1739$ if confirmed (Left chart).
The weekly chart shows a confirmed ascending triangle with a 97% gain target for a price target of 1754$ (Right, Top chart).

Having the two charts showing a similar price target gives me an increased confidence level in the probable outcome.

Consumer Discretionary sector (Weekly) also shows that the uptrend is not over yet. Price action broke through the weekly resistance (1480$) with volume, adding to current TSLA momentum.

Stay humble, have fun, make money!
Comments
AntLyon
Pure hopium. Tesla is over extended and due for a pullbacks. The dump has already begun.
LeLaf
@AntLyon, It was over extender pre-split. But I agree with you, it is pure hopium. I follow the hopium trend until it turns.
Eggo4u
The END is IN SIGHT its 1156.00
SaucyLettuce
Does this factor in Elon Musks tweet?
LeLaf
@SaucyLettuce, Tomorrow will tell the tale. Price action is still within the flag so nothing changed.
Mihai_Iacob
great analysis!
LeLaf
@OptimoomFX, Thanks!
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