TSLA has been consolidating in the 333 to 350 zone. Yesterday it opened at 333 but climbed it's way up to the next important level, 343. Today's it crossed 343 and 343 is supporting the price. SPX is near the S-OB, so we expect TSLA to open with some selling pressure. We will use this opportunity to get a good entry. We hold the long till 347. The market may carry a bearish tone given that SPX is attempting close to the Sell Order Block (SOB). Look at the chart below. We can even attempt to take SHORT on TSLA at the 347 level if the SPX gives the right time and opportunity for it.
Emad Arshad Alam
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Emad Arshad Alam
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.