JenRz

TSLA long idea for 8/10

Long
JenRz Updated   
NASDAQ:TSLA   Tesla
I do believe the market is about to have a bounce tomorrow and following days, so I'm expecting TSLA to catch a break here too.
This is based on my dowsing with a pendulum. It's a total work in progress and I'm still learning how to navigate it. That said, there's no doubt (from my experience) there is something to it.

Low for entry tomorrow afternoon 8/10 at $233-34.
This is a neat spot as it take out stops below the June swing low, and fills that gap on a daily.
Target is $249.
I believe TSLA reaches the target before next Friday, which is giving me a date for then (twice) and they are often reversals.
I will especially like this trade if QQQ hits my target of $261ish, and /ES below 4450 & they bounce and start moving up. Typically though when a level is hit there is some kind of reversal.
Comment:
This pause at $238 is interesting because that's actually the first number my dowsing gave me, but then it went lower into 234, so I was trying to id the actual swing low with the biggest bounce potential.
This moment is a daytrade to $244.50-45 though and likely back down.
Trade closed manually:
Obviously TSLA is a weakling and the level I had was only a daytrade. It hit perfectly though, but I didn't re-evaluate the situation after it hit, and i certainly should have.

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