Tesla Breakout is Almost here

Tesla, which leads the Ev sector along with a very high weight in the leading indices, cannot be left behind .
It's not if but when.
The aid packages are coming in and the market looks optimistic , Tesla has fallen about 40% during the last quarter and it's time for it to go back up.

I want to touch the technical part of the stock - it can make an optimistic point about what's to come.

1. The Obv have slight deviation up and overall looks normal
2. We are leaving the overbought area, making room for a new entry of investors
3. The most important part of the ema's is located between the 20/50 ema's that currently constitutes short-term support and resistance
Followed by an Ema 100 very close and he is another support for us.
4. Fibonacci is currently in the same line as Ema 20 support point and if the stock breaks below the Ema 100 the next support will be on fibonacci 61.8 located at the bottom of the triangle , if we get there it will be a last support point before breaking down.

A breakout over the range of $707-$722, which is our entry point, puts the stock on a rising trend that will take full advantage of it.

Entry Point:
714$
722$

Stop: 590$

Supports:
Ema 100 - 565$
Fib 61.8% - 615$

Indicators:
Obv
W%r
Ema 20/50/100
Fibonacci Ret

* There is no buy / sell recommendation in the aforesaid ,

注释

can't wait to see what the market will bring next week.
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