I called this pattern out on Nov 21st, and it is going exactly as planned. See my previous post.
On Nov 21st I had a price target of around 140.90, which TSLA is on track to hit. Why?
Well on November 7th, TSLA broke a significant support line around $200 (Thick red line), initiating a H&S pattern. It fell to 179 and tried to return to this major support line twice, failing each time.
Today it broke 2 significant support lines the bottom thick blue line and second orange line at ~$166.
My price target is still 140.9
On Nov 21st I had a price target of around 140.90, which TSLA is on track to hit. Why?
Well on November 7th, TSLA broke a significant support line around $200 (Thick red line), initiating a H&S pattern. It fell to 179 and tried to return to this major support line twice, failing each time.
Today it broke 2 significant support lines the bottom thick blue line and second orange line at ~$166.
My price target is still 140.9
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.