SHORT TESLA ONLY BELOW 290 FOR A TARGET OF 255 AND BELOW 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......
4TSLA trade ideas
Tesla Swing TradeIt was a gap down ending in green translates that swing trading can be inititated. Its an awesome rangebound stock :)
TESLA WeeklyThis 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 interest stepping into the counter. One should look to sell this counter in the coming days.
Long once price enters the zone marked in Pink, Institutional Demand as the prices gapped from the zone , indicating huge unfulfilled buy orders
stop loss once it pierces pink
target 1 : 3
Tesla Making WavesTesla 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 strength.
I will short at this position, with a downward potential upto 174. 240 would be stop loss for this stock.
