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TESLA

Writer's picture: jeremy chojeremy cho

Tesla started its uptrend in the medium term weekly charts on 010620 at $176 and hit an intraday high of $900.40 on 250121 (in 7 months = 511% returns).


The weekly uptrend now is critical moving forward with a recent test of its pivot point support at $606. The short signal on the dailies was issued in 190221 at $782 hitting a low of $619 ($13 short of target).


LT trend UP since 021219

MT trend UP since 010620

ST trend DOWN since 290121


PIVOT $606

Long positions above $606 target $767 $800

Short positions below $606 target $536 $472




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