TESLA Triangle Formation
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Tesla has been in downward moving channel for 30 weeks. If Tesla delivers a record number of cars in this quarter, the stock will have significant upside potential. There is also 7 week triangle formation in the making. Triangle can be both continuation and reversal types. I believe if tesla delivers in this quarter, stock will move up. I am planning to invest around 219$ and my initial target is 244$(11%). My stop loss will be 181$(20%).
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