Stockpicks
Positional Pick*Base formation above anchored VWAP sign of bullishness.
*Comparatively high volume at breakout candle.
*Trading above all moving averages .
Tin plate looks bullishTin plate has formed inverse head and shoulder pattern and broken it with a huge volume.
#positional
Buy Tin Plate at 167
Tgt: 185, 231, 264+
Sl: 135
Timeframe: 3-4 months
Tesla to retest $500 mark.Tesla is in ascending triangle which has bias to break to the upside.
Good fundamentals and strong demand.
RSI is also in ascending triangle.
I expect the price to either retest the uptrend line or break the $460 mark and go for $500.
How to play this?
So either buy the break of $460 or set a long position at $415 for improved reward.
Good luck!
Tibor