JICPT

JICPT| Tesla daily gap-up long setup around zone of 890-910

Long
NASDAQ:TSLA   Tesla
Hello everyone. Tesla has been up by more than 120% since May. The news that Elon Musk sold partial shares triggered the recent sell-off. Price has dropped by nearly $200.

So, put aside the fundamental part, what's next?

Technically, the gap formed on the daily as well as weekly made me excited. On top of that, we got a small base candle which looks a pretty good demand zone.

In addition, It happens to be around the flip and mid-term MA. The confluence bullish setup looks attractive for me.

What do you think? Give me a like if you're with me.

plan your trade and trade your plan
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.