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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.