Tesla at major support. I'm long.
Tesla is at major yearly support. Confluence between levels and fib. This is where we need to hold to maintain the trend on the monthly chart. I don't know if it will hang out at this level or possibly go below the level before we regain and higher. But this is a valid long trade at these levels. If we don't hold here it is much lower. Long term target is $670. Remember the fud around Tesla is meaningless. It's all the charts. If the markets were "rational" we wouldn't even be at these levels in the first place.
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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.