Hello traders and investors! Yes, TSLA hit our target at $ 714.64 with astonishing precision, and now it is just doing a sideways correction.
This is expected, and a pullback to the $ 695 or to the 21 ema area is expected, and this wouldn’t ruin the bullish momentum. It only would give another buy opportunity.
By defeating the $ 714, the next stop is the $ 732.61, as we can see in the daily chart:
The $ 732.61 is an open gap, which has been there since April. It took a while, but it seems TSLA will finally fill it.
Yesterday’s candlestick was important as we broke the 21 ema, closed above it, and the volume was very good too. Aside from the many bullish patterns seen in the last few days, this is another good indicator that the bullish momentum will persist a little bit more.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Have a good day!
This is expected, and a pullback to the $ 695 or to the 21 ema area is expected, and this wouldn’t ruin the bullish momentum. It only would give another buy opportunity.
By defeating the $ 714, the next stop is the $ 732.61, as we can see in the daily chart:
The $ 732.61 is an open gap, which has been there since April. It took a while, but it seems TSLA will finally fill it.
Yesterday’s candlestick was important as we broke the 21 ema, closed above it, and the volume was very good too. Aside from the many bullish patterns seen in the last few days, this is another good indicator that the bullish momentum will persist a little bit more.
If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if it helped you!
Have a good day!
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💲💲 Project 5%: + 104%
🔹 S&P500: +35%
💪 Public track record.
