TSLA Long, $341 optimistically $335 realistically
Updated
Don't think I'm using the Long tool quite properly. Red is where I'd be preparing to exit -Stop loss at $327.26 in case of unexpected news or a strong sell off.
Nice rally with recent news and with the market recovering. TSLA will open a little higher and be "overvalued" on Stoch RSI temporarily, will then retrace slightly (to 329-330) and start following the fib fan line (blue) and/or trend line (white). With a spike in volume and/or some more positive new released in the next few days, I can see a break to $340.58 - $341.12 - which would be the next strong point of resistance.
Nice rally with recent news and with the market recovering. TSLA will open a little higher and be "overvalued" on Stoch RSI temporarily, will then retrace slightly (to 329-330) and start following the fib fan line (blue) and/or trend line (white). With a spike in volume and/or some more positive new released in the next few days, I can see a break to $340.58 - $341.12 - which would be the next strong point of resistance.
Note
Market drop so far today. Tesla is a more volatile stock and is responding as such. Watching the S&P and DJIA to see where those goNote
Should have been a bit more liberal on Stop Loss, but $341 came through afterall. Next stop $347 - $352 depending on news and overall market.At this point, I'm expecting a retracement back to $337 and trailing up my white trend line with another hopeful breakout once it passes $341.12. Then to the target $347-352
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