Tesla overall looks to head to the $1,100-$1,200 region on the weekly chart. Before getting their we have a few areas we need to clear. $965 area will need to be broken first with a weekly candle closing above that. Also we must respect some pull back levels from this impulsive bullish leg we are currently in from the March Lows. If price breaks the $750 range we could see a nice drop in price to around the $548 region. If that doesn't hold as support, we can see $458 zone. With the success of the rocket launch expect volume to pick up on this stock. But be ware of price taking a dip to shake out the Longs. Only trade the breakout with a closed candle on a higher time frame and monitor the support levels for shorting opportunities.
Trade closed: target reached:
Targets Hit.. Congrats if you took this trade...