What's next on Tesla? (using stop-gain) 👍
Tesla is moving very slowly these days, but that’s fine. You guys know that I bought it recently at 580s, and I want to share my strategy with you.
Now TSLA must break the 615.42 to hit our target at 635. We are above the support at the 20ma and finally the BB are not that tight anymore. The volatility is increasing, but not that much.
We have a RSI divergence in the 4h chart, and this could help us here, but it is not confirmed yet. If TSLA breaks the 622.92 then we’ll see a confirmation.
For now, we’ll just manage our positions the best way we can. Now I set a stop-gain below the 600s for half of my shares, and I’ll keep the original stop at my cost-basis for the other half. This way I won’t lose anymore, and still can win if everything goes wrong. I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Now TSLA must break the 615.42 to hit our target at 635. We are above the support at the 20ma and finally the BB are not that tight anymore. The volatility is increasing, but not that much.
We have a RSI divergence in the 4h chart, and this could help us here, but it is not confirmed yet. If TSLA breaks the 622.92 then we’ll see a confirmation.
For now, we’ll just manage our positions the best way we can. Now I set a stop-gain below the 600s for half of my shares, and I’ll keep the original stop at my cost-basis for the other half. This way I won’t lose anymore, and still can win if everything goes wrong. I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Related publications
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.