#TSLA BULLS AREN’T DONE YET — ABOVE $353.90, TARGETING $387.41 #Tesla #daytrading

AI-generated source summary

The analysis focuses on Tesla (TSLA) with a 3-5 week timeframe, indicating a bullish stance above 353.90. Key levels identified include the current price around 364.69, a target of 387.41, and a crucial support/fail bound at 353.90. The speaker notes a previous failure below 387.41, suggesting a sell signal, but a continued bullish trend is anticipated if 353.90 holds. Another perspective highlights a descending channel top at 411.05, with a potential retest of 387.41 within 3-5 days. A break above 364.69 is seen as bullish for the remainder of the week, with a longer-term target of 387.41. Conversely, a close below 353.90 is interpreted as a sell signal, targeting 330.48 (61.8% Fibonacci) by the end of next week or October. The analysis contrasts short-term (3-5 day) bullish outlook above 364.69 with a medium-term (3-5 week) bearish outlook below 353.90, targeting 330.48. The key levels for a long-term investment grade buy signal are above 411.05, anticipating the 550s within 3-5 months. The video also references a lower bound at 287.27-291.81, which, if held, allows for a long position as a 3-5 day to 1-2 week swing trade up to 387.41.

AI-generated summary based on the source content.