TSLA breakout before Christmas
As a follow up to my previous post, if TSLA to breakout out of current bullish flag, we could see $300 before Christmas. It does have bullish set up as it’s trading in a rising channel while being supported by 150 EMA. Quick run to $275-$280, a bit of a pullback and then retest of July’s high at $295-$300 range.
I am less concerned with these smaller moves, but it would be great to see this breakout happen soon. Untimely I am aiming at $1200-$2300 levels by end of Q3 ‘24. Which means as much as $7T company. Seems possible if cybertruck is successful and boosts revenue/earnings, Model 2 around the corner supposedly, and also lower rates environment helping high valuation.
TSLA: TSLA breakout before Christmas
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