however, that is unlikely because the trend that is contradicting this move(in orange) is built up of only 1 . on the other side, our already established blue trend is proven to provide impressive , but this strength is a double-edged sword for us shareholders, as u can see the stock is currently trying to break past the lower blue and this provide great resistance so it may prove difficult returning into the blue trend but once we will pass the lower blue it will provide great support for the stock. To sum it up tesla is looking pretty dangerous and volatile right now but you know what they say - "With great risk comes great reward" (do not ask who said it) the risk here is around 2:1 (reward:risk) and that is pretty good but to be honest I have no clue if tesla is going up or down (hopefully up though). Only time will tell which way tesla goes and stay alert for news (because it is the biggest influence on the stock at the moment).
Buy point - 260-270 depends on the news.
Sell point - 320-340 or go for long.
Stop loss point - that's a hard one because I believe in this stock but I will go for 240-250
I intend to hold my shares but stay alert because this stock is being manipulated by the news.