TeslaLong
Tesla: Not The Worst Long Over 721
Updated
Alright, so a quick idea I just had that I don't dislike too much -- gun to head I think TSLA looks good long above 721. I think a ton of new buying momentum could come in, propelling the stock higher. Granted, I still hate the valuation and this is a *TRADE* idea, not an investment, but buying the breakout and then risking to the weekly candle low could be a real decent risk reward setup.
There's a ton of risk in this but if you are looking for an entry to try to trim and trail on after having your risk covered this could be a decent setup.
Cheers!
There's a ton of risk in this but if you are looking for an entry to try to trim and trail on after having your risk covered this could be a decent setup.
Cheers!
Note
got long some at 721.01. current stop is 682.08Note
Just tagged my 1:1 risk out. took profit on half. now letting rest ride risk free. great way to get involved in a tesla swing trade!
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