Tesla - Indecision with the triangle

12 Jun

TSLA has been consolidating for almost 4 years and is definitely ready for a breakout!



+3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle formation forming and therefore it is quite likely that we will (soon) see a breakout, either towards the upside or towards the downside.

Levels to watch: $210, $120

Keep your long term vision,
Philip - BasicTrading