My idea is that the Tesla price will return to the $340-$350 Zone. This is a 50% fibonachi retracement it is also the same zone as an upward sloping trendline and the uptrend anchored VWAP.
Depending on the reaction to this level and as long as the VWAP acts as support you could take a 'long' position with a take profit 1 at around $400 before deciding to close or let it run towards another all time high.
Depending on the reaction to this level and as long as the VWAP acts as support you could take a 'long' position with a take profit 1 at around $400 before deciding to close or let it run towards another all time high.
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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.