$TSLA Wedge Break?

I have been keeping an eye on TSLA as it keeps putting in higher lows. It looks to me that we have a wedge pattern inside a larger wedge pattern. I have started a ½ size position in anticipation of running up to the larger wedge pattern where I would expect more resistance.

In addition, TSLA is now above all shorter-term moving averages and the rising 40 Week MA in white. A close below the 40 Week MA will be my stop area. Let’s see what happens.

Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

Comment:

Have been adding to this through out the day. Seems to be moving on Cyber Truck news. See Chart for adds.

Comment:

We are 10 minutes into the day and already up against the larger wedge downtrend line. I may be taking some profits soon and holding a small position... TBD.

Comment:

15 minutes in and it's jumping all over. took 1/2 off. I'd like to add back. TBD.

Trade closed manually:

I've closed the whole position on Fed Speak going on right now. I have a nice profit and will look for a re-entry when it presents itself.

Comment:

Day trading this now. Back in as MACD crosses up on 5 min.

Comment:

TSLA I have raised my stop to breakeven on this day trade. Hard stop in computer, no need to watch now.

Trade closed: stop reached:

TSLA The stop was hit awhile ago when I was away from my screen. I'm out of this for breakeven on the day trade.

Trade active:

Started a new long position on reversal. I love trading this stock!

Comment:

Raising stop to breakeven and I will continue to raise my stop as price moves higher, if price allows. Nice to have a no risk trade right now.

Trade closed: stop reached:

I had a hard stop in the computer and it just hit. Out for no gain no loss. Choppy day. Back on the watchlist. If / when I trade TSLA again I will make post it as a new idea.