TSLA pullback to $275MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Previously stopped out at the 2.618 Fib extension, I'm back in, buying TSLQ, or buying puts at this 3.618 level.
Price at or above at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM spiked positive
Price at 3.618 Fibonacci level
In at $318
Target is $275 or channel bottom
Stop loss is $321