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Tslatothemoon

Tesla to $1700? Hey Traders, As you can see on the Daily Line Chart of Tesla (TSLA). The price action has formed a Descending Broadening Megaphone/ Wedge which is a Bullish Pattern. Now in fundamental terms, I think this is impossible at the moment because Tesla already has such a big market cap but in technical terms, this looks like it could happen. Tesla is a company mainly based on fundamental terms, so that's why various short sellers pick it unaware it defies bearish technical analysis. However, on the Bearish side, the MACD on the weekly looks like it will revert to red bearish histograms, foreshadowing maybe a correction. But, I highly doubt it will hit $1700 in 3 years. Safe Trading, -Pulkanator
NASDAQ:TSLALong
by Pulkanatir
9
TSLA's doing it again. Don't be fooled. 1:5 Risk-Reward Trade.I'm expecting a great 2021 for TSLA overall, regardless of what investors and traders decide. I've drawn a premature triangle representing the region between two levels which I believe are crucial support and likely resistance for the next month and a half. The resistance I based on multiple different Fibonacci extensions drawn out from multiple swings. The support is crucial, not because I believe firmly that it will not break. Rather, it is crucial for this moon move. If we are going to the moon in March, then this support should not break. That is my thesis. I've also drawn out some key levels from previous charts. Bear in mind that this triangle matures once we have hit and reversed off of its top and bottom sides at least three times in total. So until now, the trade is not confirmed. However, if you're already long TSLA from my previous posts, then the stop loss should remain as it was at $722.9. This makes the potential loss about 9%. The target is the height of the triangle, supposing the triangle will mature and then break to the upside. That's a target of $1270, a 49% potential profit. Of course the moon is much higher than $1270. That's why I call it an initial target. The achievable moon for the year 2021 is at $2400 as I imagine it. Either way, let's observe and I will keep updating this idea as exciting TSLA price action unfolds.
NASDAQ:TSLALong
by TechNerdOmar