Tesla is doing some interesting movements today! Yes, it failed in dropping to the 596 as we’ve been expecting, but we might be at a support level right now.
First, consider this advanced breakout seen in the RSI. If TSLA breaks the 606.52 it’ll confirm the ab and Tesla might seek the 616 again, or even break it to the next resistances.
If Tesla doesn’t lose the 599 again, then it might even hit the 630 next week. The risk-reward ratio makes sense to me.
In the 4h chart we have the 20ma and the fibs retracement at 38.2%, and both are at the same place, working as support for TSLA. This is why I tell you, if TSL loses today’s low, it can hit the 580 easily. We must be careful here! Since we did an amazing trade on it recently, we can afford to risk our chances here.
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Are you putting a bet against Michael Burry ??? :D
UnknownUnicorn21312077
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@LongShort2021, I already did :D our last trade was a long from the 592 to the 626! Now I think I'll do it again :P
With risk management, everything is possible, mate!
Cheers!
FXMHDH
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First TP 675
UnknownUnicorn21312077
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@ROHIMAVON, makes sense, yes!
Cryptochris1973
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@Melissa_Amana, Makes the 6/18 $680 calls look really tempting