Here on
TSLA
we can see after such a massive move a lengthy consolidation period is needed before and ultimately substantial breakout.
While
TSLA
certainly has the probability of braking low and going to 50$ I will have to side with the Bullish case. Not for news or Fundamental points in its favor, but Pure technical analysis.
Tesla has had a massive Rally, into a firm and long held Basing, which will ultimately lead to a breakout in my humble opinion Higher for another rally toward a target of 600 or so.
Taking into consideration the May/Aug breakout cycle, if you haven't got into the stock already, it may be too late.
Get ready for some butt blasting action as we take off into the heavens and never look back.
Buy Me and I'll Grow
TSLA
we can see after such a massive move a lengthy consolidation period is needed before and ultimately substantial breakout. While
TSLA
certainly has the probability of braking low and going to 50$ I will have to side with the Bullish case. Not for news or Fundamental points in its favor, but Pure technical analysis. Tesla has had a massive Rally, into a firm and long held Basing, which will ultimately lead to a breakout in my humble opinion Higher for another rally toward a target of 600 or so.
Taking into consideration the May/Aug breakout cycle, if you haven't got into the stock already, it may be too late.
Get ready for some butt blasting action as we take off into the heavens and never look back.
Buy Me and I'll Grow