TSLA is targeting 295 & 330 & 430
Hello Traders,
I'm sharing a long position on TSLA, and I'll explain my reasoning below.
Entry Price: 223
Stop-Loss: 172
1st Target: 295
2nd Target: 380
Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295.
Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below
TSLA
I'm sharing a long position on TSLA, and I'll explain my reasoning below.
Entry Price: 223
Stop-Loss: 172
1st Target: 295
2nd Target: 380
Reason 1: The price has rebounded from the lower deviation of the uptrend channel (grey), not the lower deviation of the downtrend channel (blue). It is now targeting the upper deviation resistance line of the uptrend channel (grey) at 295.
Reason 2: A cup & handle pattern is progressing and will likely be confirmed if the price closes a weekly bar above 253 and the target will be around 330,380 and maybe 430 as shown below
TSLA 
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