Buy 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...
-Tesla will break below the key support of $280 on huge volume.
-Triple top will be confirmed when it moves under $250.
-Elon Musk has pledged his shares as collateral to take loan to fund his lavish lifestyle. Margin calls of those shares will get triggered once Tesla falls further.
-Executives leaving the company is droves, leaving millions of dollars worth...
TESLA IF BREAKS 290 IT'S SHORT TARGET WILL BE AROUND 255 ON A WEEKLY CHART AND IF IT DOES'T SUSTAIN THAT LEVEL NEXT LEVEL TO WATCH WILL BE AROUND 180.... BE CAUTIOUS ALL LONGS......
This stock has been showing so much promise but there seems to be no impact on its ability to head higher . The last few weeks it has been attempting to tread to a new high only to meet with supplies. AFter forming a Type 2 negative divergence the prices are swiftly heading lower. Now with the breach of the support trendline we could be looking at some selling...
Tesla has been moving steadily following a wave like pattern over the last three years. This involves rising wave followed by channel movement. The movement of the stock one direction or the other is very swift indicating high volatility of the stock. The weekly charts show a similar trend. The RSI is currently oversold and long term trends show a slow down in the...
