Tesla Defying Gravity

Dec 25, 2019

Long-term bullish with a technical potential of reaching and passing 600 by mid 2020 (technical high: ca. 640). Double checked with 'quarterly' and 'yearly' candles as well, while the 'monthly' candles suggest a continuation past the formation towards 500, rather than a partial reversal at this level. Only thing that could hold this off right now is a market correction.

RSI also suggests a direct continuation here. Once the second RSI resistance is reached, the stock could consolidate with a "partial decline" for a few months, then either pump through towards 600 (best case scenario), or correct further down (worst case scenario).




ADX projects a bullish signal as well:

Dec 26, 2019

Note

Dec 29, 2019

Note

4H Close-Up on TSLA's most probable moves.

Jan 13, 2020

Trade closed: target reached

Careful at current levels. TSLA is still within its technical possibilities with even higher targets at around 540-580, but I would advise to exit long positions within the next few days, definitely this week. While still bullish above "X", the stock could fail at any given moment.

Jan 13, 2020

Note

Where to aim if the stock fails:

Jan 30, 2020

Trade closed: target reached

Looks like TSLA will attempt to reach 700 next before making base around 600.