Tesla is dead ๐Ÿ‘ป

Some might say that Tesla is dead, and I agree, but it is not going to keep dead for too long, and the volatility will increase again at some point.

If it loses the 600 again itโ€™ll do a head and shoulders, and this can bring the price way down to the 580, where we bought it. But the red line is a nice support that is holding tesla for now.

If it breaks the 615, itโ€™ll hit our target at 635.

snapshot

Iโ€™m optimistic about the advanced breakout on the RSI, but I wish the divergence would be stronger. These points make me believe that tesla will do a bullish movement next, but if everything goes wrong, we will still make money at this point, so, Iโ€™m cool.

Iโ€™ll keep you guys updated.

If you liked this trading idea, remember to click on the โ€œFollowโ€ button to get more trading ideas like this, and if you agree with me, click on the โ€œAgreeโ€ button ๐Ÿ˜‰.

See you soon,
Melissa.
advancedbreakoutTechnical IndicatorsRelative Strength Index (RSI)Support and ResistancetargetteslaTrend AnalysisTesla Motors (TSLA)

Related publications

Disclaimer