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TSLA hit a high of 1795 on 13 July before going into consolidation for the past 3 weeks. It found support at the 50% fib retracement @ 1355 and have since traded in an range mostly between 1412-1530 in the past week.
Today it appeared to be forming a bullish Harami pattern. We could possibly begin to Long now @ 1480 with initial stop @ 1409 (a few ticks below previous candle low) or wait for a break of the Harami @ 1515 (ie "confirmaton") to get onboard. With RSI still healthy >50, I would consider to long now rather than wait for the "confirmation" break up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
Today it appeared to be forming a bullish Harami pattern. We could possibly begin to Long now @ 1480 with initial stop @ 1409 (a few ticks below previous candle low) or wait for a break of the Harami @ 1515 (ie "confirmaton") to get onboard. With RSI still healthy >50, I would consider to long now rather than wait for the "confirmation" break up.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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