Tesla - This Is Actually Not Gambling!

Apr 9

Tesla (TSLA) still looks quite bullish:



Click chart above to see the detailed analysis👆🏻

Just a couple of weeks ago I published a bunch of analysis, explaining all the reasons for a potential -40% drop on Tesla. However on the higher timeframe, Tesla still looks quite strong and with the bullish break and retest playing out so far, we could even see new all time highs soon.

Levels to watch: $260, $400

Keep your long term vision,
Philip (BasicTrading)

Apr 17

Trade active

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

Dropping -55% in just a couple of weeks feels quite rough, but Tesla is simply perfectly following market structure. And with the current retest of a major long term support level, Tesla is ready for bullish confirmation on the smaller timeframe and a decent reversal rally.

Levels to watch: $260, $400

Keep your long term vision,
Philip (BasicTrading)

Apr 24

Trade closed: target reached

Trading update on Tesla (TSLA):



Click chart above to see the detailed analysis👆🏻

It is more and more possible, that Tesla actually manages to close with a significant bullish rejection wick this month. Not only does this indicate a potential reversal, but with the major horizontal structure, Tesla might just continue with its overall bullrun.

Levels to watch: $260, $400

Keep your long term vision,
Philip (BasicTrading)