TSLA: Broken Bull Flag
The bull flag and bullish setup mentioned in my previous post has been broken to the upside. Somewhere around 210 remains to be the TSLA short-term target, which could easily be hit next week.
Once we get the 1M MA close, we can have a better idea of where the upside resistance lies, most likely where the 0.5 fib is, 212. This will cause a confluence of resistance which I will look for a point of consolidation. If we get above the 212 level, we could easily hit 260.
Especially with the extreme bullishness in tech stocks, we could see some big moves to the upside.
This is not financial advice. Please do your own research and analyses!
Once we get the 1M MA close, we can have a better idea of where the upside resistance lies, most likely where the 0.5 fib is, 212. This will cause a confluence of resistance which I will look for a point of consolidation. If we get above the 212 level, we could easily hit 260.
Especially with the extreme bullishness in tech stocks, we could see some big moves to the upside.
This is not financial advice. Please do your own research and analyses!
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