$TSLA could be setting up for a massive breakout after consolidating for nearly 2 years. In 2024, TSLA consolidated in an ascending triangle for weeks before going on a rally to a new ATH. Although this isn’t as clean, the ingredients for the set up is there.
My horizontal line is a bit lower because I expect the $450-$475 to be the battleground.
If SpaceX acquired Tesla, there would be a nice short squeeze. It’s fun to talk about the “what if” scenarios, but I let the chart tell the story at the end of the day.
Don’t bet against @elonmusk
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