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jUiCE_Trades
Mar 8, 2021 1:00 AM

TSLA rocket loading to 1k!?  Long

Tesla, Inc.NASDAQ

Description

TSLA 4HR - The EV sector has taken a hit all around for the past couple weeks which create great buying opportunities! ...Tesla is in my larger degree wave 4 correction, price seen a steep drop due to overall market sentiment this past week but I can see a possible flat consolidation period before we start a nice bull run... S&P 500 had a decently bullish close Friday and I am expecting we see a green beginning of the week and continue to see corrections for most stocks depending on overall market sentiment (bond yields, interest rate, stimulus, etc.). I can see price going to retest 700 and a drop down to 480-500 level before we see 1k. Keep an eye on volume to validate price action. Lots of Investors, Institutions buying this dip so IMO great point to scale in to shares for your long term.

Key Levels
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S: $538.50, $496, $413
R: $615.66, $693.95, $784, $874.37, $905.41

Comments
superhumankm
its gonna be a rough ride
dg78
Thank you for the comments. I totally agree. Tough chart on which to make a call. Agree DCA is wise.
Karam08
Thanks. In @ 600. Will keep an eye for the 490s as next DCA.
jUiCE_Trades
@Karam08, i can see 730-750 before we see a healthy pull back, I really want that 500 level to buy some leaps!
Karam08
@jUiCE_Trades, my order is a good till cancelled one. Patience and we'll get there I think
MoneyMakerTrade
Nice chart
jUiCE_Trades
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