Some might say that Tesla is dead, and I agree, but it is not going to keep dead for too long, and the volatility will increase again at some point.
If it loses the 600 again it’ll do a head and shoulders, and this can bring the price way down to the 580, where we bought it. But the red line is a nice support that is holding tesla for now.
If it breaks the 615, it’ll hit our target at 635.
I’m optimistic about the advanced breakout on the RSI, but I wish the divergence would be stronger. These points make me believe that tesla will do a bullish movement next, but if everything goes wrong, we will still make money at this point, so, I’m cool.
I’ll keep you guys updated.
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