Will TSLA hit $410 by EOY ?
Happy Friday everyone, and congratulations for making profit during this wave. As expected (see previous post).
Looking at TSLA on the daily timeframe we see that the price of TSLA broke above the $207 and is testing the new resistance at $215.
The trend remains bullish as long as the price creates higher highs.
Of course there will be a correction, and for those who already sold and are waiting for a new buying opportunity, here are my buying levels to keep an eye on.
The daily RSI is in the oversold territory, and we have a strong $215 resistance. However, no bearish candle formation as of this weeks close.
For this year top price prediction, I believe that TSLA will test its ATH at $410. Why? We have a bullish flag formation that is now confirmed and the target (using log chart) is at $410.
Going back to where I think the price of TSLA will correct, I think that we will see the price coming down to $173-$180. Even $165 is not out of possibilities which is the bottom of the symmetrical pattern. Fib golden pocket at $175.
Thanks for reading, and Stay tuned. Please share your thoughts and comments, and don’t miss this trade if you missed my previous trade.
Looking at TSLA on the daily timeframe we see that the price of TSLA broke above the $207 and is testing the new resistance at $215.
The trend remains bullish as long as the price creates higher highs.
Of course there will be a correction, and for those who already sold and are waiting for a new buying opportunity, here are my buying levels to keep an eye on.
The daily RSI is in the oversold territory, and we have a strong $215 resistance. However, no bearish candle formation as of this weeks close.
For this year top price prediction, I believe that TSLA will test its ATH at $410. Why? We have a bullish flag formation that is now confirmed and the target (using log chart) is at $410.
Going back to where I think the price of TSLA will correct, I think that we will see the price coming down to $173-$180. Even $165 is not out of possibilities which is the bottom of the symmetrical pattern. Fib golden pocket at $175.
Thanks for reading, and Stay tuned. Please share your thoughts and comments, and don’t miss this trade if you missed my previous trade.
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