Tesla needs to bounce here, or it's over. The target of the trade is the upper bound of the declining channel, around $225.
It looks weak overall, so be careful with sizing and use a stop loss.
If it doesn't bounce here you can switch position and short it towards the 2023 low around $101.
It looks weak overall, so be careful with sizing and use a stop loss.
If it doesn't bounce here you can switch position and short it towards the 2023 low around $101.
Trade closed: stop reached
TESLA didn't make it. Time to go short...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.