$TSLA: Weekly trend could be up

This week was quite significant across the board, there's a decent chance at flashing a weekly uptrend here, but for that price needs to breach $223.01 and stay up on the week, and then proceed to hold over $191.78 for >5 weeks ideally. You can see the estimated target ranges that are possible to traverse here. Keep an eye out for this breakout signal, might be of great significance going forward. I'm not yet in the stock as I had sold my positions a while back, but watching it closely. Personally trying to address valuations if buying any stock now, as the current macro juncture doesn't favor reckless management antics, or growth at all costs with no profitability in sight. In this regard, $TSLA is one of the few non-offenders as they've built a substantial margin of safety now and have a solid moat and quasi-monopoly on profitable EV production.
Let's see how it goes...
Best of luck!

Cheers,

Ivan Labrie.

Pesanan dibatalkan:

Trade never triggered, seeing signs of weakness now, at least in the short and mid term.