Long

TESLA LONG

Updated

TSLA is bottoming, for that we are sure. It is currently sitting above a major historical level after breaking back above it, potentially backtesting it as support. You can see the clear level as shown below.

https://www.tradingview.com/x/MxdM8qMF/

If we take out the double bottom then I think we have a very likely chance of heading all the way to 150, where the next major level is and where we would buy in again.

Note

Great reaction, once we're over 200 all the normies are going to come and call tesla to new highs - We're perfectly positioned.

Note

209 is a pretty big level so if you are up big consider taking a small partial profit.

Note

Take profit 1 taken, what an incredible trade so far.

Note

When we have this steep of a run up, it is smart to scale out of positions making sure you collect profits. We have so far taken a portion of the TP2 target and expect to take more on monday or the week if we break the highs. The reason is that we might retrace a substantial amount - where we can scale in again with the taken profits.

Note

Second TP taken! Amazing trade, coming close to our trade of the year!

Note

If you are still in this trade, or got more in at 180 as per our update, tesla looks amazing and the structure is developing for further major upside.

Trade active

Third target of the trade set up hit today. Tesla is our biggest overall winner this year and although this leverage trade is closed we expect a continuation higher to 400

Trade closed: target reached

SynergyTradingSetups

Also on:

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.