TSLA approaching important level
After earnings TSLA is trapped under the 200 Daily SMA. While the RSI is flashing oversold levels, a short-term bounce might be expected.
Under the 200$ level there is a confluence of important Fibs, as well as the vPOC. I am a long-term buyer between 185 and 195$.
Under the 200$ level there is a confluence of important Fibs, as well as the vPOC. I am a long-term buyer between 185 and 195$.
Note
As expected, TSLA rejected from the 200 SMA again after the short bounce. We are now approaching the Buy zone. Set alerts and watch for reaction. Good luck!Note
After our first level on the 0.618 fib got hit, I am targeting 206 and 210 as next resistance levels, where previous support was.Trade closed: target reached
I have closed my long position at the 200 daily SMA resistance. With today's economic data, I expect it to be a good catalyst for some pullbacks and am targeting 206$ as higher low buy level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.