Hi traders, TSLA‘s double top pattern is about to be completed in the 230-225 area. There seems to be strong support. Should price test that area I expect price to bounce and go up on a short term basis.
RSI is 31 in the daily, Stoch 5.7. In the 1 H Chart a double bottom seems to be forming with strong support around 233 ish. If it tests, I might buy calls.
Entry: 233-235
Tp: 265-267
SL : 228-221
However, I’ ll keep in mind that Musk has a 44 B dollar bill open and that seller‘s volume has not yet declined.
What is your opinion?
RSI is 31 in the daily, Stoch 5.7. In the 1 H Chart a double bottom seems to be forming with strong support around 233 ish. If it tests, I might buy calls.
Entry: 233-235
Tp: 265-267
SL : 228-221
However, I’ ll keep in mind that Musk has a 44 B dollar bill open and that seller‘s volume has not yet declined.
What is your opinion?
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Related publications
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.