BlackbearTrader

Tesla Head and Shoulders

NASDAQ:TSLA   Tesla, Inc
Tesla has produced a head and shoulders pattern. It has not yet broken out of that pattern but today is earning report- so maybe the opportunity is rising to profit tremendously. The volume has been in a decreasing trend ever since the last earnings report, so I accept a large breakout. Also, the coppock curve has been in a decreasing trend line for a while. I have put the buy order and the sell order at 3.00% take-profit, to cover any potential rebound in the short term.
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