Critical consolidation on Tesla

13 Kas 2020

With higher lowers, key consolidation price action and major bullish support at the 50 Daily EMA we can conclude that Tesla will break out of the triangle.
I predict that the break out will be on the upside.

Tesla has an unassailable lead in EV's, battery technology, anonymous driving capabilities and battery storage.


TSLA

19 Kas 2020

Not

Tesla broke out ! With a near perfect retest of the break out triangle.
Break out catalyst was the S&P500 inclusion announcement.

Potential break out targets:
TP1: $537 (Previous all time high)
TP2: $620 (Full Break out target)
TP3: $670 to $680 (1.618 Fib extension target)

Ideally you want to hold Tesla for the at least the next 10 years
These Take profits are for leveraged positions.