As you can see, TSLA has broken out of a falling wedge - just above it's longer term support zone.
Despite heavy indications of a recession, the NASDAQ is significantly oversold and is due for a temporary bounce. We may see a retest of the falling wedge prior to any upwards movement.
I will keep a trailing stop to minimize losses as I do expect the market to continue to fall. Ultimately, TSLA will likely see sub-300.
My targets for TSLA are:
#1 474
#2 542
This is a high risk scalp as the market is in free fall.
Despite heavy indications of a recession, the NASDAQ is significantly oversold and is due for a temporary bounce. We may see a retest of the falling wedge prior to any upwards movement.
I will keep a trailing stop to minimize losses as I do expect the market to continue to fall. Ultimately, TSLA will likely see sub-300.
My targets for TSLA are:
#1 474
#2 542
This is a high risk scalp as the market is in free fall.
Note
Note
Both targets met and longs closed. Hope everyone made some $$$ with me. Cheers.
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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.
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.