Tesla Swing Trade: Short Short

Tesla, Inc.NASDAQ

Description

⋅ Dec 28, 2021 6:01 PM

There is nice setup for short term counter trend swing trade on NASDAQ:TSLA, after 4 day rally.
Price is technicaly exhausted, thats confirmed by today down open and retested resistance level at 1102 where price fail to close above.
On daily chart current price of NASDAQ:TSLA is too stretched from its 5 day EMA.
Tomorrow price action at close also indicate weakness on buying side at higher prices

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Swing trade setup
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Entry: 1090
Stop Loss: 1103
Profit Target: 1029
Trade duration: 1-3 days

Comments

stocksflipper

⋅ Dec 29, 2021 8:35 AM

Maybe 1015 by this Friday? Thanks for sharing.

Tomasgei

⋅ Dec 29, 2021 1:09 PM

@stocksflipper, in my view its too far for this week...

Zhenka777

⋅ Dec 28, 2021 11:04 PM

Thank for the chart and straight forward explanation. How likely is this to go to 950 area target?

Tomasgei

⋅ Dec 29, 2021 1:07 PM

@Zhenka777, to the end of this week its isnt very likely happen...but 950 its not completely unrealistic in 2 weeks

SabahEquityResearch

⋅ Dec 28, 2021 9:52 PM

Amazing analysis, well done

Tomasgei

⋅ Dec 29, 2021 1:08 PM

@CountLikeWallStreet, Thank You!

Dance2020

⋅ Dec 28, 2021 7:23 PM

Thanks for insight. Great call. Whale alert, Bearish Call Sweep expiring on 31st. Tesla price look likely to drop before coming back up.

alwaysinlearningmode

⋅ Dec 29, 2021 10:21 AM

It has already taken your SL in PreMarket, However, like yesterday, it might drop at open or just shoot up. TSLA is unpredictable

Mioman_

⋅ Dec 29, 2021 10:02 AM

Actual PreMarket is 1114$ . It means SL.