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hermes_trisme
Mar 4, 2024 12:06 PM

Tesla is in tight range; bracketing Long

Tesla, Inc.NASDAQ

Description

Interesting setup on NASDAQ:TSLA
Price was bracketing for the last four days. The high level context is certainly bullish (daily uptrend, strong market) but bulls met strong resistance as they tried to close gap from January 24th. Two possible ways to play it LONG: either from range bottom with profit target at range high and above; or wait for bullish break out and go with it if it holds. Regardless of what you do always wait for confirming signals before commencing trade

Disclaimer
I don't give trading or investing advices, just sharing my thoughts

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