Long

Trade Idea #34 - $TSLA - Short term upside

Updated

Entered long today (bought sub 230). Sadly just missed (about 25 cents!) the 250 short that would've played out very well.

Bought at 224. Stop near 220 thru 216. Target 240 area.

Reasons

Sitting on 4HR and 1D ma support.
Targeting both 1hr ma resistance.
Index's and Oil pushing up.
Historical support area.
Testing dynamic resistance

Good Luck

Note

Revised set-up with reduced drawdown (see comment chart). Watching price action along resistance line.

Trade closed: stop reached

Drawdown reached. 1.5% Loss.

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