Tesla TSLA chart appears to have a bull pennant pattern forming. As a continuation pattern, charts typically break out in the same direction as the price action prior to the pattern, which would be bullish in this case. Target is measured by the length of the original flagpole, which suggests a target of $640-$670, depending on where you start the flagpole and where the stock breaks out of the pennant.
Thoughts?
Thoughts?
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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.