Zoom out to see the last time price was 210-215. There is strong potential for gamma and short covering squeeze with current market and stock conditions. For day trades I use 5/30m timeframe combo. Swing trade only if you can absorb risk, with smaller size and based on 30m chart.
As shared on Twitter:
$TSLA sold down on news but held 215. Ideal buy zones 210-213, below 221, for squeeze up. First target 234.
On chart:
1- price moved out of falling wedge (green lines)
2- bullish RSI divergence (ovals)
3- KEY - stochastic %K buy sign (green arrow)
As shared on Twitter:
$TSLA sold down on news but held 215. Ideal buy zones 210-213, below 221, for squeeze up. First target 234.
On chart:
1- price moved out of falling wedge (green lines)
2- bullish RSI divergence (ovals)
3- KEY - stochastic %K buy sign (green arrow)