Alekznder
Long

Trade Idea #34 - $TSLA - Short term upside

NASDAQ:TSLA   TESLA MTRS INC
a year ago
Entered long today (bought sub 230). Sadly just missed (about 25 cents!) the 250 short that would've played out very well.

Bought at 224. Stop near 220 thru 216. Target 240 area.

Reasons
  • Sitting on 4HR and 1D ma support.
  • Targeting both 1hr ma resistance.
  • Index's and Oil             pushing up.
  • Historical support area.
  • Testing dynamic resistance
Good Luck
a year ago
Comment: Revised set-up with reduced drawdown (see comment chart). Watching price action along resistance line.
a year ago
Trade closed: stop reached: Drawdown reached. 1.5% Loss.
mazdaki PRO
a year ago
Don't play with fire. This going much lower.
+1 Reply
Alekznder mazdaki
a year ago
Yeah, feels like I'm over-trading this one. I agree on going much lower. Watching carefully tomorrow.
Reply
mazdaki PRO
a year ago
there needs to be a catalyst for the up move and I can not think of one yet! so, by default this is going lower for now.
Also, the analyst just down graded and therefore the self fulfilling prophecy is in motion. I think this is heading to the fib of the average analyst rating.
0.638*288 = 185 or so (sub 200) it just crossed the 200 day moving average and the last time that happened it move down another 40 points.
My guess would be a bloodbath tomorrow.
Reply
Alekznder mazdaki
a year ago
Catalyst? I'm only looking for a small retracement. I should have held my 265, and not managed my upside though. Anyways as I said will be watching price action tomorrow. Next chart will be bearish :)
Reply
mazdaki PRO
a year ago
It is tesla, so we never know:) good luck.
Reply
Alekznder
a year ago
snapshot
Reply
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