If tesla is in a triangle and breaksout in mid August between 10-12 (note that last years stocksplit announcement was in 11 August.) then I would say Tesla would rapidly go up until the beginning of September and then drop again just like last year. That would mean my projection of $1400+ would be reached in 2 weeks which Tesla is know for having done before. Tesla follows the wyckoff pattern and has done a massive accumulation for many months now and will cause an even greater markup to distribute the bought shares by smart money at the top. Elon musk said that the company would perhaps have their company meeting in late July or early August which means that something could be decided then which could spark a move up.
This is not Financial advice only speculations.
Please comment any thoughts
This is not Financial advice only speculations.
Please comment any thoughts