TSLA is in a giant 7 month wedging pattern. It can be seen as a VCP (Volatility Contraction Pattern) as well. These types of patterns can break either way. However, in this case we have a rising 50 DMA (red). That suggests to me that this will break to the upside.I already have a small position in TSLA and I will look to add if or when it breaks above the 50 DMA and again if or when it breaks above the upper downtrend line. If it breaks the lower line, I am out.
Be aware that Tesla reports earnings in 7 days, Wednesday, July 23rd, after the bell.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.