As you can see, TSLA has broken out of a falling wedge - just above it's longer term support zone.
Despite heavy indications of a recession, the NASDAQ is significantly oversold and is due for a temporary bounce. We may see a retest of the falling wedge prior to any upwards movement. I will keep a trailing stop to minimize losses as I do expect the market to continue to fall. Ultimately, TSLA will likely see sub-300.
My targets for TSLA are: #1 474 #2 542
This is a high risk scalp as the market is in free fall.
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Both targets met and longs closed. Hope everyone made some $$$ with me. Cheers.