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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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.