Tesla shares are moving in a bullish wave with a slight slope towards the $ 880 ceiling. Reaching the $ 880-885 band can correct up to $ 750 and then experience a growth up to $ 810-820 like the picture. Note that then two different trends can be achieved for the share, pattern 1 can lead to a correction to $ 520-530 and pattern 2 can eventually rise to $ 1100 by forming a roof triangle pattern. Which of these two patterns can be achieved depends on the profitability of the company in the next 3 months. Note that if pattern 1 is achieved, the $ 520 goal will be achieved in the next 4 months and if pattern 2 is achieved, the $ 1100 goal will be achieved in the next 6 months.
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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.