TSLA Long Position Opportunity

TSLA price has broken out from a 6-months ranging inside a descending channel.

On top of that, price has steadily climbed along SMA20 and made a bullish cross over SMA50.

This had given further confirmation on a new uptrend which started in early June.

Taking the price level at early June as the swing point low stoploss, this trade would give a decent risk reward of at least 1:2