I had a viewer ask me what I thought about Tesla. As of yesterday I would have said it looked sideways, like it wasn’t doing anything, but today it broke out. As the rest of the market went down, it went north.

Looking at the ADX, Tesla is still non-trending (although the ADX can lag). The ADX bottomed out around 9 and it’s now heading back toward 20. You’re probably okay to get on Tesla with a tight stop loss and a target at the most recent highs. After that it will probably go higher.

Next targets for Tesla would be 500 and 518. Right now it’s trading at 486.

Good luck, hope it helps. See you on the next video.