Trade Idea #47 - $TSLA - Is it time to buy?
Updated
Tesla is looklng deeply oversold and the earning report may be brutal. Or it might just be a set-up I am willing to take.
Reasons
My stop is soft through 145-150.
Correct position sizing for these high % swings is crucial.
Good Luck
Reasons
- 1D RSI oversold deeply.
- Entire market ready to bounce.
- Squeeze looks imminent.
My stop is soft through 145-150.
Correct position sizing for these high % swings is crucial.
Good Luck
Comment
For some reason the long R/R setup is not shown.Entry: 160
Potential first Target: 195
Stop: Soft through 145-150
Trade closed manually
Was watching this one closely. Thank God for the Dump and pump I was able to exit near $153. 5% loss on capital.Comment
Initial target hit.Comment
It was time to buy. :)
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