What's going on guys welcome back to the channel thanks again for tuning in, if you haven't known recently, the stock tesla's been going absolutely nuts just a couple weeks back, we had mentioned that tesla was in a bull flag and it was getting ready to make a Move to the upside so far since then, the stock tesla has broken out. We have gone through the bull flag, and now we are in the stages of the bull run. The question really remains: how much further does this tesla move have to go so before we get into that? Let's do a little bit of technical analysis on tesla and kind of show you what formations have recently occurred and traded. So if we look closely and zoom in a little bit, you will see here that tesla had recently sold all the way off it bottomed down here around the 200 moving average.

Since then, it has kind of channeled back and forth, creating a bull flag. That is since then broken out. Currently, the price of tesla is trading just shy of 700. The first projected price target of tesla.

When it broke this bull flag was a move to 700. The second price target that tesla is looking for in this bullish move is about 726 dollars. So for all you tesla lovers out there right now, you're looking and expecting the price of this bull flag to continue all the way to about a price of 720 to 726 dollars, give or take a few dollars per share. Once the stock tesla gets to 726.

That is where you will start to see some bearer selling most likely occur and the bullish move out of this bull flag. Stop for the time being so again, just a small recap: the bull flag has broken out. We have reached the first price target. Now we're going for the second price target, and once we get to this guy, we should start to see the market distributing some shares on tesla stock.

Now before we get into anything further. What i want to do is switch this chart over to a different chart. So that your guys might see something a little bit differently, you notice, when we look at this chart right now or say we flip it to this time frame, which is 180 day four hour time frame. It almost looks exactly the same.

There's nothing about this chart that makes you feel like you're, gaining an edge, it's just a stock chart which is broken out of a bull flag and currently moving higher. But what i want to show you is what this chart looks like now: we're going to change this back over to 180 day on this guy and then i'll show you these two charts in comparison. So on the right we have a chart of tesla 180 day time frame on the left. We have a chart of tesla, which is also a 180 day time frame.

The differences is this chart on. The left is running a standard deviation channel system, whereas the chart on the right is not. And now, if you look at the chart on the right, you'll notice that stock just bounces down here and the stock is going to you know up here. But if you look at the screen on the left, you'll realize that the stock tesla was bouncing on its long-term trend.

Categorize there that orange line - and if you look at or switch the time frame on the chart to the left, you will notice that the stock tesla is also trading to excuse me long-term channel levels. So this is how we projected the 700 price target on tesla. It's going to this mark here and then the 726 target. The reason we're telling you that's where the market's targeting to is because that is the long-term statistical trend, which means there's a high probability that the market is trying to go to this point.

So over the next couple days. The next couple weeks you as a tesla investor trader swing trader, should probably be gearing up and looking for prices of tesla to reach 726.. Now, if it doesn't reach 726 boohoo, but there's a very, very strong chance, it will and when it does you're going to want to start considering to be more bearish or selling, depending on how long of an investment you're trying to make if you're a swing trader. The bot down here a day trader - that's buying here again really shouldn't be targeting for anything more than a 726 dollar price.

Now, the way that i expect this whole thing is going to play out on tesla is it's very likely that from today going into the next couple days, we do see a little bit of kind of back and forth trading and consolidation. As you can see, the market is already top at about 700, so we've topped at 700, we've dipped, we've gone up, we've pulled back, we've gone up, so there's a good chance, we'll dip come down and later try to come back up and break 700 when this Break happens: it will be kind of a pennant breakout that will then gap the market or trade it up to about 721. The market will then or sorry 726. The market will then sell down again and then we'll start to go into a distribution phase that will later break down the 700 and swing you back down towards these lows here i know that's a lot to say and predict for the future, we'll see how it Plays out, but i hope you guys, like the video, i hope you guys get.

You know beneficial information from every one of these videos that i post and every one of the videos you guys would watch if you're new, highly consider subscribing as we normally do. Videos like this all the time and stream every single morning at 8, 30 a.m, all the price targets and levels you should be watching out for on the most popular stocks. So with that being said, expect tesla 726 and then be bears thanks for tuning in i'll see you guys in the next video take care.