TSLA
Tesla Motors, the future of vehicles and clean energy innovation company. The company mission is to accelerate the world's transition to sustainable energy and Tesla is doing a great job. It is a company worth investing in the long run as it will change how the world works. The stock price had soared 1167% since the dip during March 2020 and recently its share price had drop 38% from all-time highs due to the drastic rise of treasury rate. However, these type of retracement is the best chance to buy in Tesla stocks as the reward outweighs the risk. I personally also bought in Tesla shares during this retracement and will hold it for a long term. The share price had found support around the area 645 - 670. Price might consolidate around the area. I currently have a open position on 560 and 622.
My strategy:
If share price is going uptrend
I will buy in some shares if the price manage to break above 720, and another position at 775 if price break above. I will not buy much if the price is going up.
If share price is going downtrend
If price break below 560, I will average down the cost of my positions and buy in some shares around 465 - 438. Next support will be 330.
My entry positions
Entry: 560, 622 (small positions)
Take profit: -
Stop loss: When the company's fundamental has change