Here we can see 
TSLA has completed a five and a half year-long consolidation forming a rectangle pattern. Looking closer, we can see a previous, smaller rectangle forming over the course of almost three years with a breakout in April '17 to new all time highs around price $387. There was a false breakdown of this smaller rectangle occurring around Q1 2016, but price reclaimed support and continued its consolidation.
Having completed the breakout of this chart pattern, I look forTSLA to keep climbing to new all time highs; targeting price: $596.50
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Cheers
TSLA has completed a five and a half year-long consolidation forming a rectangle pattern. Looking closer, we can see a previous, smaller rectangle forming over the course of almost three years with a breakout in April '17 to new all time highs around price $387. There was a false breakdown of this smaller rectangle occurring around Q1 2016, but price reclaimed support and continued its consolidation.Having completed the breakout of this chart pattern, I look for
TSLA to keep climbing to new all time highs; targeting price: $596.50If you found this idea to be informational or helpful, consider leaving a like or comment!
Cheers
Trade active
It seems that NOW people are talking about the electric car company, Tesla (TSLA), and the price of their stock. I was talking about their stock price being at this point weeks ago. Price is still climbing towards my target. Today it was just $2 short of reaching the target, but do not fear. I feel TSLA has a lot of momentum moving forward and we should easily reach this target over the next few days/weeks.
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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.