TeslaUpdated Tesla to $120 level
Tesla might test 100 EMA on a monthly chart. This will take stock down to 120. The divergence indicator will retest May 2019 levels where it will form double bottom.
Note
This is an update from my Nov 7 post where I mentioned the Tesla stock will reach $120. It tested $121 last week. The Tesla stock will see a short term bump over the next few weeks where it might reach upto $150 and then it will eventually go down to $80. I think the Tesla stock will consolidate between 80 and 100 over the next one year.
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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.