Tesla has recently broke out the wedge pattern (the largest wedge so far). The immediate price target is $589 based on the Fibonacci Trend. Expect volatility before reaching the next resistance and potential correction. Overall Tesla is bullish and I do not see any immediate short term trend reversal.
Trade stängt: målet nått:
Immediate price target of $589 has been achieved earlier than expected. Tesla is now closed slightly lower. Happy trading!