$TSLA - BULLISH FIB Extension $504.51 and $753.38
TSLA is trading at a potential bullish double bottom which could bounce off its 4 year support level around the mid 160s. If it bounces on the weekly, look for a continued bull trend. By applying a Fib extension, look for a price objective potential of hitting $504.51 and $753.38 in the foreseeable future from a technical setup. TSLA is currently in a 4 year consolidation period, watch for a breakout to all time highs if it takes out the 260s after a potential double bottom reversal.
Note
Today price movement has substantiated the DOUBLE bottom.Note
Close above $180 @ 20EMA this week and it will fill the $187 GAP very quickly.Note
That bullish Double Bottom still holding strong.Note
Today marked a bullish triple bottom.Note
Heading to fill the gap at 187, then next gap target is at 207
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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.