Get started
32no

Cups, Handles, Wedges, Downtrends and moving averages. Oh My!

Tesla (NASDAQ:TSLA)  
32no Updated   
NASDAQ:TSLA   Tesla
Trend Lines Wedge Cup And Handle Tesla Motors (TSLA) tslalong
9
2
trendline wedgepattern cupandhandle tsla tslalong
TSLA is at a pivotal crossroads. A potential cup and handle is nearly complete. A wedge has formed that is begging Tesla to go up or down. Tesla is nearing the top of the downtrend channel, and currently fighting at the 50-day moving average. All that with the P&D report coming on July 2 or 3. If the numbers are good, breakouts of the cup and handle, wedge, 50 day MA, and the 6 month downtrend channel will all happen at once. Look out above!
Comment:
Breakout happening. Buying more for the upcoming run-up.
Comment:
Breakout stalling ahead of Production and Delivery report due by tomorrow. Rumors say P&D report will be good. Buying more
Comment:
Breakout confirmed on strong P&D report. Locking in some profits and look for $295 target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.