Tesla (TSLA) 2-Hour Chart Analysis: Buy OpportunityTesla is trending upward within a parallel channel, showing a strong bullish bias. The stock has experienced two rejections from the inclined resistance line and two bounces from the inclined support line.
(Current Market Scenario)
Tesla is currently retesting the support line for a potential reversal and a significant upward move.
(Technical Indicators Support Buy Opportunity)
The 50-period Exponential Moving Average (EMA) is above the 100-period EMA, with the 50 EMA (red line) positioned above the 100 EMA (blue line). This bullish crossover indicates a buy opportunity.
(Trading Plan)
Buy Entry: 430
TP1: 460
TP2: 490
TP3: 530
S.L: 400
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