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.
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.
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.