Tesla
Long

Massive Cup & Handle. TSLA to $400?

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Hi Traders,

TSLA appears to be breaking the handle in this cup and handle pattern on the weekly charts, with horizontal resistance at $300, and trend resistance at $255. If TSLA can't break trend resistance, I anticipate a pullback to the $230 area.

Targeting $297. If TSLA breaks $300, targeting $405

2024 is a bull market.

Happy Trading!
Note
Trend resistance in red channel. Horizontal resistance in yellow channel.

snapshot
Note
4H Chart shows the bullish break.

snapshot
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