Reversal time for $TSLA? I want to believe itOvershot 0.618 fib plus hit the lowest of 2020.
GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days!
As usual I don't know what I'm doing.
TSLA trade ideas
TSLA is buy on dips!The trend seems to be up now. The prices are making higher highs, prices are trading well above the kumo, the chikou is free. The prices are expected to retrace back to kijun at 241 - 242 levels. The RSI will be into buy mode. Looking at the price action, if the stock holds the levels, entries can be planned. The expected target are 301 - 317. While a close below 238 will change the bullish nature of the stock.
Tesla Compression FunnelBuy at 226.5 with a stop loss at 220 and sell at 220 with a stop loss at 226.5
Expecting a massive movement in Tesla.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.