TSLA Contrarian Trade
Lots of bearish sentiment around Tesla stock right now. Possible contrarian trade for those not afraid to buy into fear. I'm looking for levels to drop further into the yellow zone with RSI touching 30. Similarly to February 2016, we may see a strong reversal. However, I would be cautious if price falls into the red zone.
Good luck trading,
Eddy Yang
Good luck trading,
Eddy Yang
Trade closed: target reached
As predicted, TSLA has staged a strong reversal and can possibly go even higher. I hope you all made off with nice profits.- Eddy Yang
Note
Tesla just posted a disappointing earnings report. Fortunately, I've already sold out of my position. Good luck trading!-Eddy Yang
Note
TSLA hit $420 today! Funding secured!
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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.