On the daily chart, TSLA has formed a cup and handle beginning about May 5th, the prior
reported earnings, The cup portion completed with the recent earning about August 5th
while the handle is completed this week.
The cup is about $280 in height/depth while the time duration is about 90-95 days in
duration. This predicts a bullish continuation from the current market price of about the same
value making a target of $1190 before the next earnings in 80 days. Making
for a 30 % ROI over the same time. ( The uptrend and downtrend of the cups are
supported by relative volume as seen on the indicator.)
For a better understanding of the cup and handle pattern, see this excellent explanation
and discussion by GMEvsSPY
(link by permission)
reported earnings, The cup portion completed with the recent earning about August 5th
while the handle is completed this week.
The cup is about $280 in height/depth while the time duration is about 90-95 days in
duration. This predicts a bullish continuation from the current market price of about the same
value making a target of $1190 before the next earnings in 80 days. Making
for a 30 % ROI over the same time. ( The uptrend and downtrend of the cups are
supported by relative volume as seen on the indicator.)
For a better understanding of the cup and handle pattern, see this excellent explanation
and discussion by GMEvsSPY
