Monday is shaping up to be a crucial day for TSLA. The stock has been consistently testing the $250 level, and a break and hold above this zone could signal a return to an uptrend. If buyers step in and sustain the price above this resistance, we could see further bullish momentum.
However, if TSLA fails to hold above this level, there’s a strong possibility of a drop back to $232, where the next major support lies.
For now, I expect price action to fluctuate between the orange resistance and the blue trendline support. A breakout above or below this range would indicate the next directional move—either an upward continuation or a downward breakdown.
Strategy for Monday:
- If the price goes below the blue supporting line, short with a stop loss above $250.50 line and set profit to the red support at $232.
- If the price goes above the orange line, set a stop loss at around $240 and set profit to $264 ~ $265
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research and manage your risk accordingly.
However, if TSLA fails to hold above this level, there’s a strong possibility of a drop back to $232, where the next major support lies.
For now, I expect price action to fluctuate between the orange resistance and the blue trendline support. A breakout above or below this range would indicate the next directional move—either an upward continuation or a downward breakdown.
Strategy for Monday:
- If the price goes below the blue supporting line, short with a stop loss above $250.50 line and set profit to the red support at $232.
- If the price goes above the orange line, set a stop loss at around $240 and set profit to $264 ~ $265
Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research and manage your risk accordingly.
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.
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.