Jim1995
2023-11-27

$Tesla Motors(TSLA)$ On the daily chart we can see that a similar candle was just printed to May 16, 2023, in which Tesla stock hit a local bottom before ripping to the upside

Along with this, we can see the RSI is posted up just below the green line, However this time with a bit of distance from the orange line... I want to show a few local levels to watch for + a path to the $300s

To the downside, watch the 223 - 231 zone leading into Cybertruck day. we could fill this gap one more time before resuming the trend up

246 - 258 would be your upside range, in addition to breaking the upper range of our 4 month bull flag we have been forming since July 19

If a bull flag breakout is confirmed with strong price action to the upside, Tesla will go higher than $300 & potentially go as high as $340 in an "EOTY Rally"

Let's see what happens!

Cybertruck launch: Tesla back to $200 or $300?
Tesla fell in the after-hour trading after the launch of Cybertruck. The Cyberbeast starts at $60,990, higher than estimated price. Cybertruck can accelerate from 0 to 100 kilometers per hour in 2.6 seconds, faster than a Porsche 911. ------------- Will you buy Cybertruck? Can Cybertruck lift Tesla stock price? What's your target price for Tesla?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1