TSLA Major Trendline Test
TSLA has finally sustained some strength after a big rally following the last earnings report. Another big move today after Q2 deliveries were better than expected. It has a shorter term bull flag breakout, but now it is nearing a major trendline that dates back to ATH in 2021.
I think this has potential for great opportunity. It will reject hard here, or it'll breakout of a multi-year downtrend which could spark a massive rally. Will be watching this closely, going to focus on longer term expirations because this a longer term trend and I don't expect everything to play out right away.
I think this has potential for great opportunity. It will reject hard here, or it'll breakout of a multi-year downtrend which could spark a massive rally. Will be watching this closely, going to focus on longer term expirations because this a longer term trend and I don't expect everything to play out right away.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
You reap what you sow.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
ko-fi.com/shop/settings?src=sidemenu&productType=1
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
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