Today I wanted to have a look at Tesla, after the share had a bigger setback of about 5% yesterday.
In my opinion, this gives a nice entry opportunity again, as the share still looks very healthy and we are approaching a major vertical support line. If that line holds, I will put another long on Tesla - still waiting for the share price to reach 1200 USD.
Not much to add. Just wanted to share my view and my chart here. Happy trading guys!
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We had another down yesterday. But the vertical resistance still held. If we can see Tesla share pushing back up, this would be the trigger to get in.
Though we need to have some caution. NASDAQ index is not looking healthy - check my other idea.
Trade active
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Entry valid. Vertical support held and we are moving upwards at trade start. Stop is positioned below low of latest candle.