TSLAB trade ideas
Sunday Prep 11/07 - $TSLA Like to See this Head Higher FirstWhat’s crazier than a 700b market cap company trading 20% above the 20d? How about a 1.2 TRILLION market cap company trading 20% over the 20d!?!?! Insane times we are living in. But the difference here is that this name has already had some pullbacks that held. As crazy as this sounds, I would actually like to see this head higher first. Yeah, I am one sick son of a….
Waiting to see what the author wants to write.
Sunday Prep 10/31 - $TSLA We Don’t Need to be First InIgnore the swing idea on here as that idea is complete and nothing left to do with it, but I like to keep old ideas on the charts so that I can look back at things later on. But this is really starting to speed up and get some real separation from the 20d. But keep in mind that it already pulled back since the initial big move up, and it clearly showed the ability to hold the psychological 1k level. That pullback may have been all it needed to trap a bunch more shorts and have the juice in it for the next leg higher. I am in no hurry to step in front of it and would actually welcome a gap up Monday and push even higher.
Next month’s R1 is up at 1231.61 which seems completely doable. If we get there in an emotional fashion, I would probably be getting pretty excited at the short prospect. ALWAYS remember that we don’t need to be first in, especially when there is so much meat on the bone. Wait for some lower highs and a way to have defined risk. And remember, this idea isn’t for 10, 20, or even 30pts. The idea here is to capture a massive fade that could easily be over 100pts. So don’t be that guy that is busy covering as soon as the trade starts working. Have some patience for exits the same way you should have patience for your entries.
TRIANGLE BREKOUT ON TESLA 27.06.2021BUY : 622 TO 706
TARGET : 1187
Reason For Buying This Script :
After long term triangle pattern , Now the pattern has broken . Use this opportunity .
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ..
break outthe tesla likes her some blue. she fell into purple but recaptured the averages and is poised for take off. will she go or will she melt under? if we are heading for a blow off top, why not lead with the s&p 5. it ain't quite right for the market to run away like this but if you can't beat em....
Long TeslaTesla
Cmp - 623
Stop - 560 on DCB
Expectation -
T1 - 780
T2 - Open, Review at 780
Expected Holding Period - 80 trading days or earlier for T1
View:- Swing/Positional
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing