The "TSLA Diamond Penet Breakout" strategy suggests monitoring two critical levels: if Tesla's stock price breaks below the "red" level, it indicates a short position opportunity; conversely, breaking above the "green" level suggests taking a long position. This strategy also forecasts a potential 3% price movement following a breakout in either direction, emphasizing the importance of these defined thresholds for trading actions [citation:1][citation:5][citation:9].
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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.