Fundamentals have improved drastically for $TSLA, any dip is a buy for long term investors, as long as you can weather the volatility. Traders would do well buying dips into key earning support, or trading daily trends using Time@Mode signals, buying into oversold extremes, etc.
Daily here shows we have good upside, approximately to the 405 handle. Longer term charts have way more potential, specially considering the cluster of equal highs in the quarterly chart...
I think the quarterly target #1 at $455 might be reached during this daily swing, certainly possible, and might act as an intermediate term top. Perhaps we continue coiling sideways, in the quarterly timeframe at least, which would give us countless trading opportunities in lower timeframes anyways, but would make long term investors wary, since returns might not justify tolerating the wild volatility, yet.
Cheers,
Ivan Labrie.
Daily here shows we have good upside, approximately to the 405 handle. Longer term charts have way more potential, specially considering the cluster of equal highs in the quarterly chart...
I think the quarterly target #1 at $455 might be reached during this daily swing, certainly possible, and might act as an intermediate term top. Perhaps we continue coiling sideways, in the quarterly timeframe at least, which would give us countless trading opportunities in lower timeframes anyways, but would make long term investors wary, since returns might not justify tolerating the wild volatility, yet.
Cheers,
Ivan Labrie.
Trade closed manually:
Price failed to reach the target here, Looks like it will erase the recent gains it had since the publication, I'd exit today on close if long.
Trade active:
Long term buy spot!
Long term buy spot!
