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TSLA is approaching key Trendline Support
Tesla
TSLA is approaching key Trendline Support
By StrategicTrading
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Updated
Mar 30, 2021
3
Mar 29, 2021
TSLA is nearing a key decision point.
TSLA has been under the grip of bearish momentum for weeks, but is now approaching a key medium-term uptrend line.
A big move is likely soon, depending on which level breaks first (on a closing basis).
Mar 30, 2021
Note
The support zone worked nicely. +7% in just 90 minutes from the key trendline.
Mar 31, 2021
Note
This pre-planned trade is now up 13% in two days, with no drawdown from the entry.
That's how we plan a trade in advance, and then execute that plan without hesitation.
Patience pays off.
Support and Resistance
Trend Lines
StrategicTrading
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