Tesla It Could Be A Positive Week

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Tesla on a turnaround?

There was also a trading signal on the chart here some time ago. On the weekly chart, we saw a breakout from a PG at $780. On the daily chart, a trend reversal could now take place next week. A small shoulder head shoulder formation is visible here. When the neckline is crossed, the signal is triggered.

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As soon as we could conquer this important trigger mark, the retracement to the 780$ mark is likely. New highs can then also be expected again.

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Fundamentally, however, the e-mobility market has received new competition. VW and many other car manufacturers are technically well on the way to catching up. But the battle in the e-car market has only just begun. Volatile movements in this sector are therefore likely.

Source: (Guidants/Godmode Trader) & JFD Broker & Binance

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Good analysis colleague! A break above the top of that pattern would give us a nice buy entry. Let's wait for the price action hehe. Best regards!

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Currently TESLA has no rivals, but in 2/3 years many car manufacturers will compete with TESLA

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For me, Tesla is above all a lot of euphoria. In Europe, Tesla is more for very rich people. The masses are supplied by other manufacturers. The car software is currently being driven forward by many companies.

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