Tesla has been in the wyckoff accumilation phase for the entire year and will probably finally break out from phase D when gigafactory Berlin opens in late September or early October which means that the 2nd resistance at 738 will be shattered and phase E can at last occure and cause the markup to happen. Based on the inverse head and shoulders pattern Tesla could very much head to $1200 or more before any reaccumilation takes place to later when gigafactory Texas opens take the stock price to $1600-1800.
Please feel free to comment any thoughts! This is not financial advice so please be carefull with your tendies!
Note
Seems like the phase D triangle is going to appear higher up at around $850-$780.
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