I charted the daily and this jumped out at me. Possible parabolic move coming for TSLA to 780 with a 30% pullback to 550?
It's reasonable considering that would take us to a 2.25 trillion market cap thereabouts which is still reasonable considering the likes of apple, msft, and others.
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my mistake on the numbers, that would take us another 25% up from here to reach the top of the pattern so about $480... not 780... thank you
Trade closed: target reached
so it looks like the pattern had completed, then corrected and is now coming back up again to 480. I think that at this point, fundamentals are acting as a significant factor in the price stability and potential future price strength. But this chart pattern i predicted that played out shows and gives kudos to the facts that charting TA does work. I played this cup n handle and parabolic all the way out. Congratulations to anyone else who benefited from such a move.
Note
I personally am holding all my tsla shares and not selling at the top of this pattern.
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