Trade Idea #49 - $TSLA - Swingers Playground
Updated
TSLA showing huge movements lately. The last published chart was stopped out (so was teh trade) but a re-entry at the same set-up proved to be profitable enough to cover losses and then some. Tesla is now showing a decent swing trade set-up after a 45% rise. Time to short the exuberance.
Conservative target of 195
Reasons
- Suppression at 200 & 365 EMA
- Overbought RSI on the short-term lookout
- Dynamic Trend line resistances
- Rate Hike could be mega bearish
Good Luck
Trade closed: stop reached
Stop reached. Looking to reenter once Oil/Indices begin to retrace.
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