Tesla Battery Day Reaction play
Updated
Buying pattern spotted after Tesla Battery Day on the 24th of September.
- Followed buyers when the sector was falling, with an average price of 0.96
- Watch out for gap up region with high volume from $1.04 to $1.15. More upside coming this level holds
- Conditional exit trigger at 0.97
Note
More upside coming if* this level holdsNote
Sell: 30th of Sep due to morning breakdown with an average price around $1.20Buy: Re-entry on the 5th Oct at average price of $1.14
Overall: reduced 40% of holdings
- 20% to fund my startup
- 20% to ASX:LKE
Rationale:
If the PFS turns out to be better than expected, VUL is likely to raise additional capital to conduct DFS. Might be better off to participate in SPP then.
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.