Why we have 45% profit on Tesla?

We gave a breakout level of $700 back on June 24. There was a strong push and it was being tested. Half of August passed with a fix, but later we pulled out of the trade because the price wasn't going up, there were small volumes. The opportunity to re-enter again came a week later, on August 23. Then the price consolidated well and we were waiting for growth.

As you can see on the chart, the price periodically stops and "trades through". Thanks to this we can understand where we have stopped, when we can increase the volume or when it is time to exit the trade.

The technique to together with good fundamentals has brought us to $1,000 per share, successfully winning back to the long side. Watch for the following idea of when to expect a correction and where a bounce is expected to come from.

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