After a continuous strong rally from $70 to $900, TSLA has been pausing for a while on profit booking and consolidating. TSLA has formed Double Bottom pattern and is trying to come out of its consolidation.
Our Bull Power Bear Power Indicator is showing a strong buy signal on weekly chart suggesting that slowly and steadily Bulls are taking control in TSLA.
Once it resumes its uptrend, then it may rise to touch 1300-1400 levels in next 2-3 years.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Our Bull Power Bear Power Indicator is showing a strong buy signal on weekly chart suggesting that slowly and steadily Bulls are taking control in TSLA.
Once it resumes its uptrend, then it may rise to touch 1300-1400 levels in next 2-3 years.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.