$TSLA is possibly setting a foundation for an amazing run in the second half of the year.
This quick analysis is part of @InvestingAngles Weekly Series – US Indices, Cryptocurrencies, Commodities, Currency, and some Large Cap stocks – that can be fully viewed here.
TSLA is forming a very promising monthly candle. Unless $TSLA closes in June below the May’s low, the formation will flip the monthly odds bullish.
The weekly closure is bullish. The stock made one more solid step towards confirming a bottom. Note that a closure above 100 WMA was a strong bullish signal.
The daily made a healthy bullish sequence with a strong technical support. The trend is still bearish, but, if the rally continues, it is expected to flip bullish some time next week.
The long term chart was shared about a month ago and remains intact. Possible targets for wave V: $1300-1625.
The short term chart – targets $900-950.
Chart – premium content
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