TSLA - Bull Flag - To the Moon!

Tesla, Inc.NASDAQ

Description

⋅ Feb 16, 2021 1:13 PM

Tesla is creating a nice bull flag . Ideally we would want the price to retrace 50% which lines up with the ascending trendline. There we can have a clear stop loss along with clear entry reason.

Having said that, it is also possible that the flag may break up at any point due to the sheer volume of propaganda regarding Tesla and Elon Musk .

Goodluck!

Comments

kruegerrdaniel

⋅ Feb 17, 2021 10:22 AM

I like your analysis and you chose the date based on that but I am not sure if the timeframe fits in with tesla

kruegerrdaniel

⋅ Feb 17, 2021 10:23 AM

@kruegerrdaniel you mentioned it that it could break up any time*

WicktatorFX

⋅ Feb 17, 2021 9:01 PM

@kruegerrdaniel, Thanks! Could possibly break up at any time. If it does, entry could be at the break of the flag and stops below the flag :)

Obadafarajalla

⋅ Feb 16, 2021 8:43 PM

Bro, it's already at the moon 😂

WicktatorFX

⋅ Feb 16, 2021 8:45 PM

@Obadafarajalla, I'm aiming for Saturns moon ;)

MasterSaps

⋅ Mar 4, 2021 11:50 AM

@Wicktator Musk didnt do it ;) How do you see it now? the 200 day MA is around 521 and its below its all other MAs. hoping it wont break the trend line. Lets see!

Helical_Trades

⋅ Feb 17, 2021 7:39 AM

Nice done :D

DreDancesnRuns

⋅ Feb 17, 2021 6:50 AM

What do you consider will happen to momentum if it channels down to 30APR? Weekly MACD is pretty high right now. I dont think it can go down that far AND THEN recover.
Good Luck either way

FieryTrading

⋅ Feb 16, 2021 9:05 PM

Thanks for the analysis

TopTradingSignals

⋅ Feb 16, 2021 9:01 PM

it will probably break the flag way higher! nice idea anyway!