Confluences:
-Tesla broke out of the bearish down trend
-Yesterday Tesla gapped up, and closed the gap, retesting the broken (previous resistance) support zone at 668.
Therefore it is experiencing very healthy price action
-Also lower than inflation numbers report yesterday and the stimulus check will give a good support for TSLA
-Tesla is an amazing long-term technology play, especially with FSD coming at the end of 2021 and of course, the massive growth of energy and automotive side.
-Short term we may experience draw down but long-term these prices will be very good.
Side note:
-I scaled in again bringing my average up to 540
-Tesla broke out of the bearish down trend
-Yesterday Tesla gapped up, and closed the gap, retesting the broken (previous resistance) support zone at 668.
Therefore it is experiencing very healthy price action
-Also lower than inflation numbers report yesterday and the stimulus check will give a good support for TSLA
-Tesla is an amazing long-term technology play, especially with FSD coming at the end of 2021 and of course, the massive growth of energy and automotive side.
-Short term we may experience draw down but long-term these prices will be very good.
Side note:
-I scaled in again bringing my average up to 540