TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid $160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the $260s after a potential double bottom reversal.
Commento:
Today price movement has substantiated the DOUBLE bottom.
Commento:
Close above $180 @ 20EMA this week and it will fill the $187 GAP very quickly.
Commento:
That bullish Double Bottom still holding strong.
Commento:
Today marked a bullish triple bottom.
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Heading to fill the gap at 187, then next gap target is at 207