With Robotaxi, American Party, Elon, Trump... Fugayzi, Fugazi.
What goes with TSLA from a technical standpoint? Let's take a dive.
If we take $215, the yearly low, as a bottom. We can see the $292 level is both the 50% Fib level, and the yearly high before 5/9, when a clear breakout happened.
This level was tested again during 6/5 (failed, but support at the classic 61.8% support at $275).
And again during 7/7.
We then can draw two inferences: the 2025 support line, and the 2025 wedge breakout line.
Today, we have a clear breakout against that wedge line. Is this the breakout we are looking for? How much will the upside go?
The next key level is $370. The yearly high this year. We need to see a clear breakout above this level to confirm
TSLA in full blown bull mode.
The blue line indicates a likely scenario for the upcoming months.
Let me know what you think.
What goes with TSLA from a technical standpoint? Let's take a dive.
If we take $215, the yearly low, as a bottom. We can see the $292 level is both the 50% Fib level, and the yearly high before 5/9, when a clear breakout happened.
This level was tested again during 6/5 (failed, but support at the classic 61.8% support at $275).
And again during 7/7.
We then can draw two inferences: the 2025 support line, and the 2025 wedge breakout line.
Today, we have a clear breakout against that wedge line. Is this the breakout we are looking for? How much will the upside go?
The next key level is $370. The yearly high this year. We need to see a clear breakout above this level to confirm
TSLA in full blown bull mode. The blue line indicates a likely scenario for the upcoming months.
Let me know what you think.
FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
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FULL transparency
Disclaimer
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.
FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
FULL transparency
x.com/BoiPlunger
FULL transparency
Disclaimer
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.