Tesla's price showing healthy signs of reversal

Coupled with a Fibonnaci Retracement tool, Tesla's Price is STILL in the BUY IN ZONE of 38.20%. That well relates to how the price is currently coming up from the support of the cup and handle pattern.

To back my bullish thesis, Tesla's Daily chart showed possible of a Golden Cross on the 200MA and the 50MA line. Golden Cross is a sign that the stock is in it for a bullish long-term growth! Tesla stock would just have to rise at least $5 per price to see the Golden Cross Forming.

My answer is yes. Tesla can hit $300 a share. For the Fundemental side, Currently, if you haven't been noticing, Tesla is facing a brand identity crisis. Why? Tesla does NOT want to only focus on Electric Vehicles. Tesla's current objective might be aligning themselves with the AI craze. Robots, FSDs, Humanoid Robots.... all Artificial Intelligence! Tesla stock is also one of the stock that will benefit if Bitcoin rises to 100K soon (Which it will) and Trump being the next president of united states.

Okay! back to Technical Side, for Tesla's cup and handle strategy to work, it MUST attain 2 things. 1, the stock price MUST not go below $220 a share. 2, when approaching to the resistance level of the Handle, it must show a high bullish candlestick for the stock to go up to $300 a share. Meaning, The stock MUST break $245 a share to continue its uptrend.

Well... It all comes down to the FOMC meeting on the 30th July. Rate cuts is one important thing to note to determine whether stocks rise or stock falls.....

Thats all from me... Always remember to ride the wave! trade what you see, not what you are thinking!