Tesla Bull Flag Test
Tesla has been on a healthy run for the last few days. It bounced off the 100 day EMA, and subsequently pushed up through the 50 day and the 20 day EMAs respectively. It's facing resistance at $1070, but if it's able to break through early next week, we will be looking at a nice crispy bull flag setup. A breakout from the flag would occur around the $1100 psychological level, which could bring additional interest from buyers. The measured move in this scenario is significant if not ridiculous, but watch for heavy resistance around $1170 and $1243.49 (ATH). Happy trading and have a safe holiday weekend!!
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