Symbol: TSLA
Massive size swings with the wild beast Tesla.
Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s.
This one has the Volatility that you need as a trader. Awesome stock.
The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago.
As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test.
As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short.
If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54.
Very high Volatility and lots of opportunity with tesla.
I will stay updated on this post for further tesla updates below.
Have an awesome trading week! ✌😁✌
Massive size swings with the wild beast Tesla.
Late 2019 and 2020 have been a crazy ride from lows of $340 to the $905 range to only follow up with a drop to the mid 300s.
This one has the Volatility that you need as a trader. Awesome stock.
The breakout was around the $500 mark where the Crossover has been green since and with a fakeout to the downside 6 days ago.
As we approach and test these highs it's quite simple to understand that the 905.72 level is Resistance and we must break out. A break on 842.77 could be a nice breakout to play for a move up to the 905.72, than the test.
As we approach these levels we will pay close attention to the Crossover strategy for a signal of weakness to fire short.
If we fail to breach up, I than think a short to 672.64 for a test as support than a break down I think we go to 540.54.
Very high Volatility and lots of opportunity with tesla.
I will stay updated on this post for further tesla updates below.
Have an awesome trading week! ✌😁✌
Comment:
just waiting. Zoomed in 4 hr