After an approximate 50% decline followed by a consolidation phase, Tesla is now showing signs of a potential trend reversal to the upside. This is evidenced by the breakout of the descending trendline and the formation of a bullish pivot, breaking out of the previous range.
The upward move targets the price levels of $339.81, $369.45, and $412.41, with stop-loss levels at $214 (long-term) or at the 21-period moving average (short-term).
The upward move targets the price levels of $339.81, $369.45, and $412.41, with stop-loss levels at $214 (long-term) or at the 21-period moving average (short-term).
Trade closed: target reached
Objetivo alcançado, o trade foi fechado dia 20/05
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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.