Tesla - The massive triangle breakout!

Oct 7

🪩Tesla (TSLA) is breaking out:

🔎Analysis summary:

Last month, we witnessed an incredible but expected rally of about +35% on Tesla. Furthermore, with this move Tesla is attempting to break above the previous all time highs. After bullish confirmation, this would also lead to a massive triangle breakout.

📝Levels to watch:

$400

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Oct 16

Trade active

🪩Tesla (TSLA) still heads higher:

🔎Analysis summary:

Despite the recent stock market volatility, Tesla is still trading above the bullish triangle formation. This clearly shows that so far bulls are confirming the triangle breakout. Accordingly, Tesla is heading for much much higher prices in the upcoming months.

📝Levels to watch:

$400

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Oct 23

Trade closed: target reached

🪩Tesla (TSLA) confirms the breakout:

🔎Analysis summary:

Last month, we perfectly witnessed the all time high breakout on Tesla. This subsequent monthly consolidation clearly indicates that traders are willing to accept these higher prices on Tesla. And if we see the breakout confirmation, the rally will continue.

📝Levels to watch:

$400

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION