Objectives:
- Trade objective is to build a full position into TSLA before market recognises FSD revenue
- Happy to accumulate more, to lower average cost
What happened:
- Market structure for TSLA remains bullish in the mid to long term with Market Bias indicator maintaining green
- Observed weaker BX-trender indicator on daily basis, suggesting weaker...
Market Structure:
BA broken beyond the long term trendline from Mar 2020 lows
BA currently well maintained in its upward trendline.
BA way above the 20EMA
RSI Indicator signals strong overbuy (RSI>70)
Strategy:
Waiting for BA to lose steam and retrace to USD$160.
