TSLA heading towards ATH and will continue the trend
Looking at the chart, its clear that Tesla has bounced very nicely off the gan fan 1/1 line. It has followed this trend quite nicely and each time it tests this line, it tends to break out and continue it's move back up.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even see $1300 price tag if the trend is our friend.
We also have the hull indicator turning green while the price has regained the EMA 12 line.
Note
As we can see the price made a nice bounce off the 1/1 line on March 30th and has since made a nice push higher. This would have been a perfect entry if you didn't get in after the initial drop as this has held support. I'd like to see us take out the 700.52 to 712.06 price as this would be a good indication that we are continuing upwards.
Note
Price has been struggling recently but still maintaining structure and is in no means a bad spot. News and ongoing investigations are causing some drag on price, but i believe when things get cleared up, we'll see a nice recovery. Could take a few weeks to play out and if anything, I'd expect price to bounce off the 1/1 IF it falls that low.
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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.