Chart of the day

Where do we stand fundamentally?

TSLA could greatly benefit from US election outcome and the following monetary easing by FED as many retail customers will be able to buy EV vehicles on financing.

TSLA is breaking out above the falling trend line 239 level for an extension higher in the third upside wave. Deeper pullback and an invalidation of immediate extension higher should happen upon a break below 235.

An invalidation level of a third long-term wave extension higher is 170. This extension higher could lead to 400 target in the medium-term to long-term upon a break above 240 again.

_{To join the trend and take advantage of the bullish cycle look for a long trade entry with a stop loss below 210 to target 400 at least. You can trade it with options as well.}