Tesla (TSLA) stock rounding bottom pattern breakout: Watch this pivot before the earnings [Video]

Ming Jong Tey Independent Analyst

Tesla’s Long-Term Outlook: Key Insights.

Strong Bullish Structure
- Tesla (TSLA) displays a strong rounding bullish structure.
- Recent breakout and testing of the axis line.
Key Pivot Level to Watch
- The critical pivot level: $447.3.
- A breakout above this level may signal a reversal.
Upcoming Earnings
- Tesla’s earnings release: January 22.
- Potential consolidation before another move up.
Risks to Monitor
- Localized supply increases may slow momentum.
- Index pullbacks could impact Tesla’s performance.
Relative Strength
- Strong performance since the November 6 breakout (election bar).
- Momentum tied to broader market movements.

Watch the video below to find out the price action analysis and the high reward-to-risk ratio setup in Tesla (TSLA).

Author

Ming Jong Tey

Independent Analyst

Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.

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