TSLA Outlook 06/26-30/2024
Technical Analysis:
TSLA currently is forming a bull flag on the daily timeframe with a golden cross setup (50MA crosses the 200MA on the daily).
I lean bullish onTSLA as long as price action can defend the gap made from 235-242. If w can break out of the bull flag above 277, we could move towards 295. Bears will look to short this level.
Bears will want the bull flag consolidation to fail and fall below the gap. Bears could also target the pennant breakout at the 200 level, which would also signal the long GP. If we somehow fall down the the 200 level, I’d expect bulls to step in and buy it up.
Upside Targets: 267.40 → 276.99 → 293.58 → 300 → 307.25
Downside Targets: 242 → 235 → 229.15 → 217.24 → 204.06
TSLA currently is forming a bull flag on the daily timeframe with a golden cross setup (50MA crosses the 200MA on the daily).I lean bullish on
TSLA as long as price action can defend the gap made from 235-242. If w can break out of the bull flag above 277, we could move towards 295. Bears will look to short this level.Bears will want the bull flag consolidation to fail and fall below the gap. Bears could also target the pennant breakout at the 200 level, which would also signal the long GP. If we somehow fall down the the 200 level, I’d expect bulls to step in and buy it up.
Upside Targets: 267.40 → 276.99 → 293.58 → 300 → 307.25
Downside Targets: 242 → 235 → 229.15 → 217.24 → 204.06
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