Tesla
Long
Updated

Tesla -> The all time high breakout!

1 797
🚗Tesla (TSLA) prepares a major breakout:
snapshot

🔎Analysis summary:
Not long ago Tesla perfectly retested the major support trendline of the ascending triangle pattern. So far we witnessed a nice rejection of about +50%, following the overall uptrend. There is actually a quite high chance that Tesla will eventually create a new all time high breakout.

📝Levels to watch:
$400

🙏🏻#LONGTERMVISION
Philip - Swing Trader
Trade active
🚗Tesla (TSLA) perfectly respects the triangle:
snapshot

🔎Analysis summary:
Especially over the past couple of days we have been witnessing some remarkable volatility on Tesla. This however does not invalidate the underlying bullish trend. Following the long term triangle formation, a bullish breakout remains likely.

📝Levels to watch:
$400

🙏🏻#LONGTERMVISION
Philip - Swing Trader
Trade closed: target reached
🚗Tesla (TSLA) remains still bullish:
snapshot

🔎Analysis summary:
Despite being down slightly so far this month, Tesla remains in a governing bullish market. Especially Tesla is one of the stocks, which move quite quickly after long term consolidations. Therefore market timing and risk management remain important.

📝Levels to watch:
$400

🙏🏻#LONGTERMVISION
SwingTraderPhil

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