TSLA broke a key resistance level at $628-629 allowing it to close at a remarkable $656.57. News of its new charging station opening in its first location in China helped fuel TSLA bulls. What's next?
Currently, I am in one June 25 655c. To preserve profits I will take profits if TSLA falls to $654. I can continue to monitor and find another entry point. Where?
If this trades the key line to watch is it crossing over $660 with strength where it meets the wedge . If it can show strength there the next resistance is $714!
If we get a rejection at $660 we could see a pull back to $637 levels.
The waves below the chart show bullish trends. Volume /price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far. RSI's are not in the overbought stages.
Trade idea:
TSLA Above $660 - July 2 700c*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."
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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.