TESLA (TSLA) Stock Chart Analysis
Take Profit Levels:
Key Insights
Tesla's recent earnings report has catalyzed a bullish breakout, achieving TP1 with a clear path towards higher targets. Given the elevated volume and positive momentum, this trade aligns well with the current market sentiment.
- Time Frame: 15-minute
- Trade Type: Long setup, entry already achieved
- Entry Price: $246.76
- Stop Loss: $229.43
Take Profit Levels:
- TP1: $268.17 (Hit)
- TP2: $302.82
- TP3: $337.46
- TP4: $358.88
Key Insights
- Volume Surge: Current volume at 161.61 million, nearly doubling the 30-day average of 82.11 million, indicating strong buying momentum.
- Earnings Catalyst: Recent Q3 earnings report boosted investor confidence, leading to a 26% stock price surge over two days. Elon Musk’s holdings rose significantly, adding approximately $38 billion to his net worth.
- Next Catalyst: Earnings report expected in 87 days, maintaining potential investor interest.
Tesla's recent earnings report has catalyzed a bullish breakout, achieving TP1 with a clear path towards higher targets. Given the elevated volume and positive momentum, this trade aligns well with the current market sentiment.
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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.
- Check this indicator and thank me later > Risological.com
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
Related publications
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.