Today, TSLA cleared a key resistance level and looks like it is ready to start moving again. After a big move in 2020, Tesla has been consolidating throughout most of 2021. These periods can be frustrating for traders, but once finished, large bases like this offer the potential for massive gains. Over the past few weeks, I have been watching Tesla to see if it can clear the $700 price level with conviction. I took a position in TSLA today as it is continuing to exhibit extremely bullish action. Time will tell if Tesla is indeed recharged and "ready to ride."
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Full Disclosure: I currently own Tesla.
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