TSLA Long, $341 optimistically $335 realistically
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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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.