On weekly charts, its visible that #TSLA has been consolidating for a very long time in a range while its longer term trend is intact and is suggesting to go up. Fast Moving Momentum Indicator also suggesting anytime soon we may see a breakout from the range above 780 and after that it may start to rise exponentially. Aggressive traders may go long at current price also while safe traders may wait for the breakout above 780 and then buy above 780 with SL 730 for targets much much higher. Long term signals on weekly charts are very powerful and stable signals and last for several months.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.