Tesla (TSLA) is finally creating an all time high:
Click chart above to see the detailed analysis👆🏻
After waiting for over four years, Tesla finally created a new all time high and with that, Tesla is also starting the next major parabolic rally. The triangle breakout which happened a couple of months ago was just the required technical catalyst, and now all things are simply very bullish.
We always have to keep in mind that Tesla rallied more than +130% over the past three months, which is an incredible increase in market cap for such a big company. Some profit taking is totally normal and it does not invalidate the overall bullish thesis. Just make sure you look at the higher timeframe triangle breakout.