Tesla, Inc.
Panjang

TSLA breaks above Cup and Handle

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As shown on the daily chart TSLA started the cup of a cup and handle pattern

in early May and completed the cup in mid-August The handle then formed.

Central to the trading of the cup and handle is that upon clearing above the

price level of the top of the cup, the stock will begin bullish continuation.

TSLA is now at the top of the cup and potentially in continuation.

Setting a buy stop slightly below the current price with a stop just below

the top of the cup at perhaps $306 would seem to be a low-risk long

trade setup.

Penafian

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