TSLA
has been creating a strong upwards channel in which it is breaking out of the flag which was shown in the linked idea. If it does break out of this channel in the upwards direction (the current price to break out of would be around $208.17), then it may have around a 7% push upwards to a new smaller target of around $221.78.
Comment:
Seems as if
TSLA
has broken the top resistance. If it continues its upward trend, the price target would be around $231.64.
TSLA
has broken the top resistance. If it continues its upward trend, the price target would be around $231.64.
Trade active:
Entered the trade at $208.48. Price target did change from the $221.79 level since
TSLA
did breakout of this parallel channel later. The new price target for this exact trade is $231.97. However, TSLA also does have a higher price target which it could hit of $242.46.
TSLA
did breakout of this parallel channel later. The new price target for this exact trade is $231.97. However, TSLA also does have a higher price target which it could hit of $242.46.
Trade closed: target reached:
TSLA
has officially hit the long price target! Congratulations traders!
TSLA
has officially hit the long price target! Congratulations traders!
