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Tesla
Long

TSLA forming a reversed H&S or a triangle

247
Tesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now:
The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area.
The 2nd one is the large triangle with the base starting since 2020, giving a support in the $150 area and a target of around $565.

In both cases, a break above the line linking the highs (the top of the triangle) would validate that the bullish phase has started.

It is the same idea as the one published last October.

waverity
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bullishpatternChart Patternshead_and_shoulderTechnical IndicatorsteslaTrend AnalysistrianglebreaoutTesla Motors (TSLA)
waverity
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.