TSLA: Hit our second target! What's next?
Hello traders and investors! Yes, TSLA hit our second target today! In our last analysis, last week, I talked about the $ 753, and today we hit it with an astonishing precision. The link to my previous analysis is below this post, as usual. Let’s see what’s going on with it…
First, in the 1h chart, we see a bull trend. TSLA almost reversed it on Friday, but today it is frustrating any bearish expectations. We hit our target at $ 753.77, and now TSLA is struggling in this area.
The trend is bullish and as long as we don’t see lower highs/lows, all we can assume is that it’ll keep trending until it hits our third target.
Let’s see the daily chart now:
In this chart, we see why the $ 753 was a target: It was a previous top, and a resistance to work with. Always remember that the market has memory. Therefore, now I believe the $ 780.79 is our next and third target to aim, for the same reasons.
TSLA is trending with good volume, indicating that this is a healthy bull trend. Even if it does a pullback, it won’t ruin the bullish bias. We have too many supports to hold TSLA if it drops, like the $ 732, the $ 717, the 21 ema, and even the purple trendline.
For now, TSLA is doing great, and we have no reversal sign around. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if you liked it!
Have a good week!
First, in the 1h chart, we see a bull trend. TSLA almost reversed it on Friday, but today it is frustrating any bearish expectations. We hit our target at $ 753.77, and now TSLA is struggling in this area.
The trend is bullish and as long as we don’t see lower highs/lows, all we can assume is that it’ll keep trending until it hits our third target.
Let’s see the daily chart now:
In this chart, we see why the $ 753 was a target: It was a previous top, and a resistance to work with. Always remember that the market has memory. Therefore, now I believe the $ 780.79 is our next and third target to aim, for the same reasons.
TSLA is trending with good volume, indicating that this is a healthy bull trend. Even if it does a pullback, it won’t ruin the bullish bias. We have too many supports to hold TSLA if it drops, like the $ 732, the $ 717, the 21 ema, and even the purple trendline.
For now, TSLA is doing great, and we have no reversal sign around. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and support this idea if you liked it!
Have a good week!
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