TSLA has formed an expanding channel on the weekly timeframe, indicating potential bullish momentum. Currently, there is a bullish rally approaching the daily resistance and the upper boundary of the channel. Once the price reaches these levels, it's crucial to monitor closely for signs of either a breakout or a reversal in the price action at these key levels.
Should TSLA manage to break out above the daily resistance and the upper boundary of the expanding channel, it could trigger a significant rally to the upside, potentially surpassing the $350 mark. Traders and investors should keep a watchful eye on these price levels to make informed decisions based on the evolving market structure and price behavior.
Should TSLA manage to break out above the daily resistance and the upper boundary of the expanding channel, it could trigger a significant rally to the upside, potentially surpassing the $350 mark. Traders and investors should keep a watchful eye on these price levels to make informed decisions based on the evolving market structure and price behavior.
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