Madrid

Double bottom at 250. Gaining traction and Green in a Red Day

Long
NASDAQ:TSLA   Tesla
$TSLA is holding strong. We had two very red days recently, and the most it did was to hold at its 250 stronghold. This created a double bottom with positive momentum divergence, a bullish sign. It is heading to test 300 into Earnings. The trade. Enter at 260's level, even if this has already left that area, it is still time, considering a target at 300. With stop at 260 or 250 depending on the entry point and the Risk reward ratio willing to take.

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