Tesla is doing great today! As you guys know, I still have a small position, after I booked my profits from our last trade, so, let's see how this one is doing.
Right now, Tesla is above our target, but it feels like it still has some upside, but I'm not sure how much. The RSI is near 70 in the 30min, but we have an impressive candle in the last minutes of the day. And the 4H chart is just flying.
Here, the RSI is around 58, and this tells us that there's still some upside left. But if it drops below the 618, then the bullish thesis might get ruined.
To sum up, we do have some conflicting signs around, and this is an indicator to reduce positions. I'll keep you guys updated about TSLA, and about my next trade. Soon, we'll have another opportunity around.
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.
Right now, Tesla is above our target, but it feels like it still has some upside, but I'm not sure how much. The RSI is near 70 in the 30min, but we have an impressive candle in the last minutes of the day. And the 4H chart is just flying.
Here, the RSI is around 58, and this tells us that there's still some upside left. But if it drops below the 618, then the bullish thesis might get ruined.
To sum up, we do have some conflicting signs around, and this is an indicator to reduce positions. I'll keep you guys updated about TSLA, and about my next trade. Soon, we'll have another opportunity around.
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.
