Tesla is getting ready for a move and currently forming flag and pole pattern on weekly charts. In case it breaks out of this pattern on upper side then targets on weekly charts are T1 - 300 T2 - 325 T3 - 350 Stop loss 190 on closing basis (weekly) Happy Trading !
As stock and crypto are in a bear market, Tesla is no exception to the rule. In fact, it seems like the fall is excellerating faster, which is indicated by Fetch Trends. The strength of the trend is visualized by the change in colors, giving this chart this gradient. With the SPX hitting resistance, and Tesla breaking support, 100 USD is the next obvious target...
Tesla Cmp - 623 Stop - 560 on DCB Expectation - T1 - 780 T2 - Open, Review at 780 Expected Holding Period - 80 trading days or earlier for T1 View:- Swing/Positional Disclaimer:- Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Reasons For Trade- 1: Risk Reward 1:3 2.4 Hr chart shows buyers strength 3.daily chart has taken support on trend line created from march 4. price created good base on 1 hr chart for upward movement 5. Price has good support on 20+50+200 days Moving average around 700 6.Fundamentally Strong company so buy on dips recommended for positional