Tesla - This Is Still Not Bearish!

9 set

Tesla (TSLA) is stuck between structure:



Click chart above to see the detailed analysis👆🏻

Tesla continues to consolidate in the long term descending triangle pattern. Following previous price action, a bullish breakout is much more likely but Tesla is still trading below the trendline resistance. A potential bullish breakout will be followed by an incredible rally and new highs.

Levels to watch: $160, $230

Keep your long term vision,
Philip (BasicTrading)

12 set

Trade attivo

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

Seems like Tesla is perfectly following the previous analysis with a +10% move since publication. Although the resistance trendline is still valid, it is quite likely that Tesla will at least attempt another bullish breakout. If it is successful, we might see a rally like in 2020.

Levels to watch: $240

Keep your long term vision,
Philip (BasicTrading)