Hello traders and investors! Let’s see how Tesla is doing today!
First, yes, we have an accumulation around, and Tesla is trading inside a range between the two black lines. Only a breakout from any of these lines will tell us what Tesla will do next. It seems the $ 571 is a support in the short-term, while the $ 635 is another resistance.
But the daily chart has an interesting pattern too:
We have a Triangle pattern, which is a continuation pattern, but this is not a rule. We see that the volume is higher during the bullish days, and lower during the bearish ones.
Yesterday, Tesla hit its support and now it is about to react. If it does an upwards breakout it’ll probably reverse the trend for good, and defeat the $ 635.42 and seek the $ 715 again. Remember that we have a gap at $ 733, and so far, TSLA filled every single one of its gaps that appeared above the price.
But if Tesla does a downwards breakout I see it at $ 538 again. For now, I’m not working with the possibility of it losing this floor.
TSLA is in a quite decisive moment! Remember to follow me to keep in touch with my updates, and support this idea if it helped you!
Even if it breaks 635, 700 where can it go from there? Yes, back to $500.
This stock is going back to $500 regardless. It's still overpriced at $500, even optimistic TSLA, relative to what I can get with my dollars in other places in the stock market TSLA is priced about 5x higher than the average. So it'll probably be headed to $200 sometime in the next 3 years. That's just because you gotta look at other opportunities if you are smart. If you are dogmatic and speculative and high on green tech, then you just dump your money into TSLA and hold the bags. Get ready to hold bags for a while if you buy TSLA over $400
This stock is going back to $500 regardless. It's still overpriced at $500, even optimistic TSLA, relative to what I can get with my dollars in other places in the stock market TSLA is priced about 5x higher than the average. So it'll probably be headed to $200 sometime in the next 3 years. That's just because you gotta look at other opportunities if you are smart. If you are dogmatic and speculative and high on green tech, then you just dump your money into TSLA and hold the bags. Get ready to hold bags for a while if you buy TSLA over $400