Tesla has broken out of the downward sloping resistance line and has finally broken out.
TSLA
Tesla is currently attempting a retest of the downward sloping line.
If we see a strong reversal at the resistance line, then we can conclude that it has now flipped into support, and thus we are going to see a steady rise in TESLA's share price.
Buy zones are between $650 and $625
Take profits:
TP 1: $721
TP 2: $763
TP3: $800
Stop loss : Below $600
This is also a great time to add to your spot position as longer term holdings
TSLA
Tesla is currently attempting a retest of the downward sloping line.
If we see a strong reversal at the resistance line, then we can conclude that it has now flipped into support, and thus we are going to see a steady rise in TESLA's share price.
Buy zones are between $650 and $625
Take profits:
TP 1: $721
TP 2: $763
TP3: $800
Stop loss : Below $600
This is also a great time to add to your spot position as longer term holdings
Trade active:
Looks like Tesla is holding the resistance line.
The whole market saw a decline which could invalidate this setup.
The whole market saw a decline which could invalidate this setup.