🚘 Elon Musk Presidential bid Bullish For Tesla?

17 Jun 2023

We have a very aggressive uptrend on the Tesla (TSLA) stock.

This weekly chart allows room for additional growth but once the move is ongoing is really hard to tell.

It is easy to predict the reversal as we did in early January 2023 but it is hard to predict the continuation.

Reading the chart is also easy so let me tell you what I see.

1) Volume is super good and rising.
2) The RSI is super strong and has room available for additional growth.
3) Chart structure is bullish.
4) Fib. extension calls for more.

#1 Is the initial bullish move.
#2 Is the corrective phase.
#3 Is the resumption of the bullish wave...

Sounds familiar?

Bitcoin & the Cryptocurrency market is set to follow and grow.
This chart is the confirmation.

Elon's Musk presidential bid is bullish for this stock.

Namaste.