Tesla Cup and Handle Pattern Targets $765 Amid Peace Deal Tailwinds
Tesla shares extended gains on Friday, supported by a potential US peace deal, with a cup-and-handle pattern pointing to a $765 target.
TSLA
Tesla (TSLA) and SpaceX shares continued their upward momentum on Friday, building on gains from Thursday. The move follows tailwinds linked to a potential peace deal involving the US.
Technicians point to a massive cup-and-handle pattern on Tesla's chart, which projects a price target of $765. The pattern is often viewed as a bullish continuation signal.
The rally comes amid broader market optimism, though the exact terms of the discussed peace deal remain unspecified.
Source: FXStreet Forex News