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TSLA Weekly Base Breakout

TSLA Weekly Base Breakout

by | Aug 13, 2021 | Chart SetUps

Tesla (TSLA) shares consolidating in a bull flag above the rising 8-EMA and prior range breakout from 8/2. A move above $727 has room to $800 and filling the low-volume gap from March. The weekly has a very constructive look as well and eyeing a continuation of the longer-term trend higher. MACD crossed bullish recently on the weekly and RSI is breaking out of a base ahead of price.