Tesla a top maybe in the place. chances of 50-80 % decline200% upsurge is 60 days. Highest volume in 6 years. looks like a top may be in place for some time and the chance of a 50-80% decline is highly likely. "Read up Mark Minervini 50-80 rules"
0R0X trade ideas
TSLA Correction PossibleTSLA support is seen around 687 and may consolidate if support is strong at that level. If it breaks support it will correct sharply.
Tesla long ,,Critics welcomed ,please do comment Tesla buy limit entry ,on retracement back to the support with stop loss below support zone ,
target 30 points.
Tesla AnalysisIf comes below 438.7 then short with SL 441.7 for TGT 400.
If goes above 451 then BUY with SL 441.7 for TGT 480.
At 480 short with SL 487 for TGT 400
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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.
RSI going higher, Momentum Weakening - Short Term ShortNASDAQ:TSLA is a definite short, it has sustained momentum for a few days, and the RSI is well over expected limits. Short Tesla now for 2-3 days.
RSI above 72, Momentum being Lost - Short Tesla for Short TermShort Tesla for the next two days because RSI is over 70, and following trend patterns, we see Tesla about to hit upper price band. If Tesla hits the upper price band short immediately and it RSI goes above 75, short.
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.
