Tesla is moving very slowly these days, but that’s fine. You guys know that I bought it recently at 580s, and I want to share my strategy with you.
Now TSLA must break the 615.42 to hit our target at 635. We are above the support at the 20ma and finally the BB are not that tight anymore. The volatility is increasing, but not that much.
We have a RSI divergence in the 4h chart, and this could help us here, but it is not confirmed yet. If TSLA breaks the 622.92 then we’ll see a confirmation.
For now, we’ll just manage our positions the best way we can. Now I set a stop-gain below the 600s for half of my shares, and I’ll keep the original stop at my cost-basis for the other half. This way I won’t lose anymore, and still can win if everything goes wrong. I’ll keep you guys updated.
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usually tesla's events are followed by a sell offs. plaid+ cancellation and price increase for plaid model by 10k, not sure how investors will react. your thoughts?
If above 615 today, i think we might see 635 sooner.
UnknownUnicorn21312077
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@aveenav, I didn't know that, ty for sharing! All I can tell is that tsla is pretty dead, but this is not all unnexpected as the volatility must decrease a little bit, the BB must get tighter and the price rest a little bit before the next movement. I agree with you, above the 615 will be something new for tesla, and then it might hit the 635, but for now, it is just sleeping.
If above 615 today, i think we might see 635 sooner.