Telsa has been forming an ascending triangle for the past 2 months. The odds are in favour of an eventually break on the UPside for this pattern although it is anyone's guess how long we have to wait. Last Friday presented an opportunity to stake / accumulate near the rising trendline of the triangle with a stop loss several dollars below this trendline.
Don't worry be patient (but with a stop loss in place just in case).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Don't worry be patient (but with a stop loss in place just in case).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Comment:
Big news! Telsa will be included into the S&P on Dec 21! Expecting a gap up today though whether it could break out of the ascending triangle soon remains to be seen.