adelriosantiago

Tesla's 1:6 trade opportunity

Long
NASDAQ:TSLA   Tesla, Inc
This morning Tesla's r(0.988) linear regression just touched a new low at 260.1, there are two possible scenarios:

  • Red arrow: Tesla's uptrend is over and investors should probably SHORT targeting 248.00.
  • Green arrow: Tesla is currently undervalued and may bounce back to the near resistance level at 286.88 continuing the r(0.988) linear regression .

My pick this time is a 1:6 LONG trade expecting the price to go back to the regression channel.

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