TeslaUpdated TSLA 6-27-2024
Support Levels:
$195.00: Recent support level visible in pre-market trading.
$193.00: Previous intraday low.
$190.00: Another support level, corresponding to a previous bounce point.
Resistance Levels:
$198.00: Visible resistance level, as marked in the chart.
$200.00: Psychological round number resistance.
$202.00: Previous intraday high, acting as resistance.
Volume Profile
High Volume Node (HVN): Around $195.60 - This indicates a price level where a lot of trading activity has occurred. This could act as a significant support/resistance level.
Value Area High (VAH): $198.72 - Indicates the upper range of the highest volume price area.
Value Area Low (VAL): $195.52 - Indicates the lower range of the highest volume price area.
Bullish Scenario:
Entry: If TSLA breaks above $196.00 with strong volume, consider entering a long position.
Target 1: $198.00
Target 2: $200.00
Stop Loss: Below $195.00
Bearish Scenario:
Entry: If TSLA breaks below $194.50 with strong volume, consider entering a short position.
Target 1: $193.00
Target 2: $190.00
Stop Loss: Above $195.60
Conclusion:
Pre-Market Analysis: TSLA is currently in a consolidation phase between $195 and $198. The direction of the breakout from this range will provide the next trading opportunity.
$195.00: Recent support level visible in pre-market trading.
$193.00: Previous intraday low.
$190.00: Another support level, corresponding to a previous bounce point.
Resistance Levels:
$198.00: Visible resistance level, as marked in the chart.
$200.00: Psychological round number resistance.
$202.00: Previous intraday high, acting as resistance.
Volume Profile
High Volume Node (HVN): Around $195.60 - This indicates a price level where a lot of trading activity has occurred. This could act as a significant support/resistance level.
Value Area High (VAH): $198.72 - Indicates the upper range of the highest volume price area.
Value Area Low (VAL): $195.52 - Indicates the lower range of the highest volume price area.
Bullish Scenario:
Entry: If TSLA breaks above $196.00 with strong volume, consider entering a long position.
Target 1: $198.00
Target 2: $200.00
Stop Loss: Below $195.00
Bearish Scenario:
Entry: If TSLA breaks below $194.50 with strong volume, consider entering a short position.
Target 1: $193.00
Target 2: $190.00
Stop Loss: Above $195.60
Conclusion:
Pre-Market Analysis: TSLA is currently in a consolidation phase between $195 and $198. The direction of the breakout from this range will provide the next trading opportunity.
Trade closed: target reached
We hit long target today. yeah
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.
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.