Trade ideas
Just a guessI am not an expert on EWT and doing this analysis based on limited knowledge of theory. I am expecting Tesla to touch 760-800 before any major correction. I see ending diagonal being formed in Tesla which normally happens in 5th wave . Counter may move in zig Zag way to the upside. Revisiting 685-690 is possible. 760 or 800 may be th last leg of rally and a major correction towards 520 -398 may happen as investors might realise that it will take more time for Tesla to deliver on earnings than expected.
Just a wild guess
Complete strategyThis is a momentum based strategy which generates signals when the price moves with momentum in either direction. This strategy works well on liquid stocks. Its not necessary to close the trade as soon as the close signal is generated and one can wait for the price to move in the direction as indicated by the prior signal unless price starts to go in the opposite direction. The best set up for a trader is his/her own set up and hence it is recommended to use this strategy with your set up/research.
Bullish viewThis stock is in support and resistance zone, it's resistance zone can't break now it can be buy in this level with stop loss of 495, target is 559, 575
BE CAREFUL PROFIT BOOKING CAN COME .Earliar tesla breaked bullish pattern and now some retracement can be done,but it is in upside only . buy only on dipps
tesla looking good for shortas we all know how overvalued this stock is but this stock has made bears loose billons so with a stop loss of 5% one can enter this trade and it is textbook entry as the stock has made a lower high and it has also broken a trend line
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
