Ok, Tesla is doing very well, as we expected, but it is trading at its resistance at 606.50. The good news is that we did break the past two pivot points (593.55 and 600.61), and it looks like we are going to hit the 635.
The problem in the 4h chart is the 20ma. The BB are getting tighter again, and it’ll explode soon, the question is if it’ll be up or down. Since I bought Tesla near the 580, I’ll just set a stop-loss at my cost basis and leave it. But we can expect it’ll drop to at least to the 593 in the 30 min chart. We just need to be careful with the resistance at 606.50!
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See you soon,
Melissa.
The problem in the 4h chart is the 20ma. The BB are getting tighter again, and it’ll explode soon, the question is if it’ll be up or down. Since I bought Tesla near the 580, I’ll just set a stop-loss at my cost basis and leave it. But we can expect it’ll drop to at least to the 593 in the 30 min chart. We just need to be careful with the resistance at 606.50!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
