Hello Traders,
TSLA is going to the the 2nd moon!
Just kidding.
We chose TSLA as our top choice in the tech sector based on today's premarket setup for a nice bounce play. Two price levels we were watching:
1. $357.50 Premarket Highs
2. $341.90 Premarket Low Support
TSLA initially opened very strong breaking above the premarket highs but we did not enter due to other sectors in the market not following through. We were looking for an initial sell off so we waited.
Around 11-11:30AM EST we saw TSLA trading near the premarket lows but bounced nicely at the support. At this time we noticed the rest of the market getting into some buying mood and took our LONG trades at $348.50-$348.80.
First Target to $425 area. Will decide if we'll even keep any...
Do not chase these moves. We're not out of the woods just yet.
Good Luck Traders!
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.
TSLA is going to the the 2nd moon!
Just kidding.
We chose TSLA as our top choice in the tech sector based on today's premarket setup for a nice bounce play. Two price levels we were watching:
1. $357.50 Premarket Highs
2. $341.90 Premarket Low Support
TSLA initially opened very strong breaking above the premarket highs but we did not enter due to other sectors in the market not following through. We were looking for an initial sell off so we waited.
Around 11-11:30AM EST we saw TSLA trading near the premarket lows but bounced nicely at the support. At this time we noticed the rest of the market getting into some buying mood and took our LONG trades at $348.50-$348.80.
First Target to $425 area. Will decide if we'll even keep any...
Do not chase these moves. We're not out of the woods just yet.
Good Luck Traders!
*NOT A FINANCIAL ADVICE, THIS IS JUST OUR PERSPECTIVE AND WE DO NOT RECOMMEND ANY TRADES WE PUBLISH ON OUR CHANNEL. YOU WILL LOSE MONEY.