Alekznder
Long

Trade Idea #47 - $TSLA - Is it time to buy?

NASDAQ:TSLA   TESLA INC
Tesla             is looklng deeply oversold and the earning report may be brutal. Or it might just be a set-up I am willing to take.

Reasons
  • 1D RSI oversold deeply.
  • Entire market ready to bounce.
  • Squeeze looks imminent.

My stop is soft through 145-150.

Correct position sizing for these high % swings is crucial.

Good Luck
Comment: For some reason the long R/R setup is not shown.

Entry: 160
Potential first Target: 195
Stop: Soft through 145-150
Trade closed manually: Was watching this one closely. Thank God for the Dump and pump I was able to exit near $153. 5% loss on capital.
Comment: Initial target hit.
Comment: It was time to buy. :)
I added to the small long position from yesterday. In general I agree. There is the head and shoulder in play so there is overall strong bearish sentiment in play. I agree that it is oversold and I though it will bounce yesterday but it did not. hopefully this is it.
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