$TSLA Possible Support Areas
Updated
TSLA, I like trading this stock when it’s trending up. I am not good at short selling, so I simply do not do it. I’m looking at a couple of possible support areas on this chart. Of course, there is no guarantee that these areas will hold. Tesla is clearly in a down trend a well below the 20 Day EMA. I will be watching these areas closely for a reversal play if it develops.Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Note
TSLA has dropped below my horizontal support line ( look at it as an area) and looks to have found support on the lower uptrend line, TBD. I have set an alert for a possible regain of the horizontal support line. Right now there is steady selling around $217 on the intra day chart. Let's see what happens. As I see it, next lower level of support may be around $200.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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