-Tesla stock movement has consolidated into a symmetrical triangle pattern.
-RSI is not yet in overbought territory. This allows room for upward growth.
-ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal.
-TSLA is moving in an Upward Trend Channel
[Short Term Day Trade for September 25]
Long Strategy- if Upper Resistance of Triangle is Broken:
Buy: $297-$298
Take Profit: at next resistance ($305)
Estimated Profit: 1.67-2.3%
-RSI is not yet in overbought territory. This allows room for upward growth.
-ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal.
-TSLA is moving in an Upward Trend Channel
[Short Term Day Trade for September 25]
Long Strategy- if Upper Resistance of Triangle is Broken:
Buy: $297-$298
Take Profit: at next resistance ($305)
Estimated Profit: 1.67-2.3%
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.
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.