TeslaLong
TSLA Bullish Lineup
TSLA has been consolidating since our explosive run early this year, I believe a breakout to the upside is imminent for the following reasons:
In red I have identified our resistance, and in green is support.
The bottom green parallel channel represents our major support and buyer interest zone, while our upper red channel shows our major resistance zone, one which I believe we will bounce off of after a breakout, before finding support around $720, and continuing upward.
Best wishes, Good luck.
Comment your ideas!
- We're riding a support line that has held up since the March '20 COVID-19 crash
- Bulls have gained control over the 50 MA, which is providing reinforcing support to the major support mentioned prior
- We had a major Symmetrical Triangle pattern breakout to the upside early August, showing bullish strength
- Finally, on a more technical view, RSI is showing a comfortable position while we dance against the upper side of our resistance. As well as MACD is turning over to a bullish momentum.
In red I have identified our resistance, and in green is support.
The bottom green parallel channel represents our major support and buyer interest zone, while our upper red channel shows our major resistance zone, one which I believe we will bounce off of after a breakout, before finding support around $720, and continuing upward.
Best wishes, Good luck.
Comment your ideas!
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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.