Tesla to retest $500 mark.

١٤ أكتوبر ٢٠٢٠

Tesla is in ascending triangle which has bias to break to the upside.

Good fundamentals and strong demand.
RSI is also in ascending triangle.

I expect the price to either retest the uptrend line or break the $460 mark and go for $500.

How to play this?

So either buy the break of $460 or set a long position at $415 for improved reward.

Good luck!
Tibor