TeslaLong
TESLA: $340 BY YEAR END?
On the daily chart we can see that a similar candle was just printed to May 16, 2023, in which Tesla stock hit a local bottom before ripping to the upside
Along with this, we can see the RSI is posted up just below the green line, However this time with a bit of distance from the orange line... I want to show a few local levels to watch for + a path to the 300s
To the downside, watch the 223 - 231 zone leading into Cybertruck day. we could fill this gap one more time before resuming the trend up
246 - 258 would be your upside range, in addition to breaking the upper range of our 4 month bull flag we have been forming since July 19
If a bull flag breakout is confirmed with strong price action to the upside, Tesla will go higher than $300 & potentially go as high as $340 in an "EOTY Rally"
Let's see what happens!
Along with this, we can see the RSI is posted up just below the green line, However this time with a bit of distance from the orange line... I want to show a few local levels to watch for + a path to the 300s
To the downside, watch the 223 - 231 zone leading into Cybertruck day. we could fill this gap one more time before resuming the trend up
246 - 258 would be your upside range, in addition to breaking the upper range of our 4 month bull flag we have been forming since July 19
If a bull flag breakout is confirmed with strong price action to the upside, Tesla will go higher than $300 & potentially go as high as $340 in an "EOTY Rally"
Let's see what happens!
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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.
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.