• 990 days Will The ECB Continue To Hike Rates?
  • 990 days Forbes: Aramco Remains Largest Company In The Middle East
  • 992 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,392 days Could Crypto Overtake Traditional Investment?
  • 1,397 days Americans Still Quitting Jobs At Record Pace
  • 1,399 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,402 days Is The Dollar Too Strong?
  • 1,402 days Big Tech Disappoints Investors on Earnings Calls
  • 1,403 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,405 days China Is Quietly Trying To Distance Itself From Russia
  • 1,405 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,409 days Crypto Investors Won Big In 2021
  • 1,409 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,410 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,412 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,413 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,416 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,417 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,417 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,419 days Are NFTs About To Take Over Gaming?
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Tesla: Bullish Setup

Reason: Potential Inverted Head & Shoulder

If Tuesday's lod holds price could be forming an IHS with a theoretical target at 255.

Tesla Daily Chart
Larger Image

Even if the target seems ambitious the R/R of the setup is appealing as the stop is close by while the upside potential is much larger even if the next assumed up leg stalls at the pivot resistance loctaed at 135.82 (+ 11% from the current price of 211 as I am writing this post).

The MACD bullish cross favours more upside.

So the idea is to go long today with a stop below Tuesday's gap at 204.38.

 

Back to homepage

Leave a comment

Leave a comment