Currently TSLA has been stuck in this wedge pattern but I would keep it on watch if we break out over the next few weeks.
Lower interest rates should add fire to the stock.
TSLA has also already priced in a lot of woe's we have seen in the auto industry due to it not using a dealership model. (Other auto makers looked like they had strong sales but really they are selling to dealerships where as Tesla is selling direct to consumer)
If you are buying to hold LONG I would consider starting a position and accumulating over the next couple of weeks.
If you are playing options look to a break over the 180-190 area shown by the Wedge.
I strongly believe once the wedge is broken TSLA will sore over the $200s and not look back.
GLTA
Lower interest rates should add fire to the stock.
TSLA has also already priced in a lot of woe's we have seen in the auto industry due to it not using a dealership model. (Other auto makers looked like they had strong sales but really they are selling to dealerships where as Tesla is selling direct to consumer)
If you are buying to hold LONG I would consider starting a position and accumulating over the next couple of weeks.
If you are playing options look to a break over the 180-190 area shown by the Wedge.
I strongly believe once the wedge is broken TSLA will sore over the $200s and not look back.
GLTA
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