Short term simple analysis, TSLA has reached it's top channel with both RSI and MACD reaching it's high. The last descending triangle gave the stock a pop, but will need to come back down to the lower channel to consolidate.
Consolidation price level estimate: $1760.
The lower consolidation will last between 20 to 30 days. Once it forms a descending triangle pattern, buy again for another run up. This timing of the pop can correlate to battery day on Sept 22, 2020.
I personally believe that Elon will announce a new Silcon nano wire technology which will increase their new battery's density. The 2020 annual TSLA stock holder battery website shows a electron microscope's background of the nano wire. The company that pioneered this product is Amprius which I am going to assume an announcement of either a partnership or buy out just like Maxwell Tech. Amprius' headquarters is right next to the new TX Giga Facility. Very interesting things to come.
Consolidation price level estimate: $1760.
The lower consolidation will last between 20 to 30 days. Once it forms a descending triangle pattern, buy again for another run up. This timing of the pop can correlate to battery day on Sept 22, 2020.
I personally believe that Elon will announce a new Silcon nano wire technology which will increase their new battery's density. The 2020 annual TSLA stock holder battery website shows a electron microscope's background of the nano wire. The company that pioneered this product is Amprius which I am going to assume an announcement of either a partnership or buy out just like Maxwell Tech. Amprius' headquarters is right next to the new TX Giga Facility. Very interesting things to come.