Tesla has broken out that rectangle after the initial 10% move and today retested.
Stops can be placed below the rectangle and we can see a move towards 290 in no time.
If that happens, will update the analysis because longer term Tesla chart is looking extremely bullish.
Fundamental Key Takeaway:
Tesla is undercutting the competition and new entrants like Lucid, Rivian and Fisker are feeling the pinch. Model 2 will be another source of huge revenue down the line.
Stops can be placed below the rectangle and we can see a move towards 290 in no time.
If that happens, will update the analysis because longer term Tesla chart is looking extremely bullish.
Fundamental Key Takeaway:
Tesla is undercutting the competition and new entrants like Lucid, Rivian and Fisker are feeling the pinch. Model 2 will be another source of huge revenue down the line.