Login

Register

Login

Register

Tesla Stock Chart Target: See The Trade

Tesla Inc (TSLA) surged higher after the successful SpaceX launch over the weekend. The stock is now up well over 100% since the March 2020 lows and investors are piling on one more time. The last time they piled on, the stock hit $970, then fell to $350 within a month. As a chart technician, I look for major levels of resistance when a stock gets too extended in the near-term. In Tesla’s case, a run from $350 to nearly $900 in 10 weeks is overdone. The Tesla stock chart target is $901.00. This is a technical gap fill level and major resistance. Look for this technical target to be achieved by tomorrow.

Once the Tesla stock chart target of $901.00 is achieved, it becomes a major short trade for a pull back to $650.00. The market has an amazing way of ignoring reality and loving hype. Even Elon Musk has said his stock was over-priced but investors have ignored his comments. I expect the drop to $650 to happen within 2 months. Have a wonderful day and continue to profit!

A net gain of +990.92% through May 29th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree during the COVID-19 pandemic, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. See how the Tesla stock chart target plays out in the coming days. Note the chart below.