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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
FULL transparency
x.com/BoiPlunger
FULL transparency
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
FREE real time trade & stock recommendations on X:
x.com/BoiPlunger
FULL transparency
x.com/BoiPlunger
FULL transparency
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.