TSLA bounce play!?
Hey all,
Though I remain bearish macro on the stock market, my eyes are peeled for potential bounce plays ahead of the next leg lower. I do believe that TSLA has all the makings for a strong bounce into its earnings report in late July, especially. IF TSLA gets below 621/share, this possible bounce play would most likely be invalidated. That being said, it currently rests above it and could present a favorable risk: reward play. I warn you all though, if this rally does occur, please don't buy in at the top, and be sure to lock in profits! My FINAL price target for TSLA would be around 975/share, though some might look above to the resistance trendline(Not confident it gets there). Best of luck all!
Though I remain bearish macro on the stock market, my eyes are peeled for potential bounce plays ahead of the next leg lower. I do believe that TSLA has all the makings for a strong bounce into its earnings report in late July, especially. IF TSLA gets below 621/share, this possible bounce play would most likely be invalidated. That being said, it currently rests above it and could present a favorable risk: reward play. I warn you all though, if this rally does occur, please don't buy in at the top, and be sure to lock in profits! My FINAL price target for TSLA would be around 975/share, though some might look above to the resistance trendline(Not confident it gets there). Best of luck all!
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.
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.