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Teslastock

TESLA Analysis .I think there are many potential moves for TSLA . For example ,For people looking for a buy entry , I think it would be important to wait for TSLA to close in an upcoming day considerably above the 840-843 area (green rectangle ) before buying with a first target at around the 874-884 area (the first blue rectangle ) and a potential to go for the 940-970 at the secong blue rectangle If we close in an upcoming day above the first blue rectangle . TSLA might also break and close significantly below the black line ( trendline ) , it would be interesting then to watch how price would act around the the red rectangle area . (This is the same as the original post but with a daily timeframe because some might prefer so ) Original Post :
NASDAQ:TSLA
by StockAnalystPro
4
TSLA - Not FOMOing in any time soon!TSLA looking hella toppy right now. Has not passed it's former high @ roughly $950 RSI approaching overbought territory. This is a stock that is realistically attracting investors who are driven by profit and you can see the sell-offs causing massive price fluctuations of over 50%, therefore better to be careful considering the current market conditions. No reason to be bullish at all unless we get to our all-time high again in which I would say is not likely at this moment. I would expect traders to be even more driven by profit-taking considering the amount of blood and volatility in the market right now. This is a very popular stock at the moment and I would rather have a buy the dip approach. Tremendous opportunity in TSLA considering the large swings. I could see much cheaper prices ahead of us as people continue to take profits at this range. We could go as high as $820 and I still wouldnt change my sentiment. If we close daily candle bodies above the $820 I would only then reconsider my strategy.
NASDAQ:TSLA
by thiluxan_s