TSLA had a nasty correction back in October to November but it quickly bounced back up and started to trade sideways. This formed the cup bottom and the current sideways trading is forming the handle.
If the chart pattern is valid, then we may see TSLA moving up quite a lot in the future. One can take the height of the pattern and project it upwards to get an initial target.
If the chart pattern is valid, then we may see TSLA moving up quite a lot in the future. One can take the height of the pattern and project it upwards to get an initial target.