Ok, I just got cashed out of TSLA, and it was a good ride, but I think we have better opportunities around. Since it lost the red line, there’s not much to do.
The RSI looks oversold, but not much. Can it bounce back to the 608 at the 20ma? Absolutely, but even considering this scenario, I don’t think it is worth the risk.
Once again TSLA frustrated an advanced breakout on the RSI, and this is something I was already expecting, as we talked about this yesterday.
But if you look carefully, TSLA did a double top, and it is heading to the bottom line at 571. This means that we will see a rectangle around.
I think it’ll hit the 571 next, as the Nasdaq is looking bearish, but we’ll see. Anyway, I don’t think Tesla is interesting right now, and we can find better stuff to trade, long or short.
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
The RSI looks oversold, but not much. Can it bounce back to the 608 at the 20ma? Absolutely, but even considering this scenario, I don’t think it is worth the risk.
Once again TSLA frustrated an advanced breakout on the RSI, and this is something I was already expecting, as we talked about this yesterday.
But if you look carefully, TSLA did a double top, and it is heading to the bottom line at 571. This means that we will see a rectangle around.
I think it’ll hit the 571 next, as the Nasdaq is looking bearish, but we’ll see. Anyway, I don’t think Tesla is interesting right now, and we can find better stuff to trade, long or short.
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
