TESLA Triangle Formation
Tesla has been in downward moving channel for 30 weeks. If Tesla delivers a record number of cars in this quarter, the stock will have significant upside potential. There is also 7 week triangle formation in the making. Triangle can be both continuation and reversal types. I believe if tesla delivers in this quarter, stock will move up. I am planning to invest around 219$ and my initial target is 244$(11%). My stop loss will be 181$(20%).
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STILL WATCHING
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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.