Tesla (TSLA) is finally creating an all time high:
Click chart above to see the detailed analysis👆🏻
After waiting for over four years, Tesla finally created a new all time high and with that, Tesla is also starting the next major parabolic rally. The triangle breakout which happened a couple of months ago was just the required technical catalyst, and now all things are simply very bullish.
We always have to keep in mind that Tesla rallied more than +130% over the past three months, which is an incredible increase in market cap for such a big company. Some profit taking is totally normal and it does not invalidate the overall bullish thesis. Just make sure you look at the higher timeframe triangle breakout.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.