Madrid
Short

258-256 consolidating range

NASDAQ:TSLA   TESLA MTRS INC
174 1 4
The market is rallying, but TSLA             is lagging. The 258-256 is a consolidating range, if this is broken to the upside it will make a bear flag until 260-ish level, but if broken to the downside, this will break the temporary short term support channel in the 30 min. chart.
By the way the main uptrend channel was already broken, so it is unlikely it will go back to the 270's level unless denial will be stronger before ER. I suggest to be extremely careful with this one, since volatility is very high here.
timwest PRO
2 years ago
Curious to know what kind of stops do you think you have to use on this time frame? $5 risk?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out