Tesla INC shares move from the highs $ 1,200 reaching low $ 1,000. It appears we are slightly positive short-term, and we may see $ 1,175 once again. However, I prefer SELL in rally for the move towards $ 700.
the Donchian channel is too wide, and the RSI still shows negative divergence medium term.
Strategy SELL $ 1,125 - $ 1,175 and take profit $ 750. Stop-loss placed at 10% of entry level of share price for now.
the Donchian channel is too wide, and the RSI still shows negative divergence medium term.
Strategy SELL $ 1,125 - $ 1,175 and take profit $ 750. Stop-loss placed at 10% of entry level of share price for now.
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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.