The market "crash" has been hurting a lot of people pretty bad, less so for those who had adhere to strict stop losses. However, one must look beyond the "fear" and keep an eye for good buying opportunities in good quality stocks during such times.
Telsa "crashed" into a support zone 500 - 550 today, hitting a low of 539 before recovering to possibly form a bullish pin bar today. This is a zone with a confluence of "supports", namely a trendline support, 61.8% fib retracement and also a "resistence turned support". Adding to these, there is a bullish divergence in the making.
For those who thought they had missed the oportunity to stake Tesla, I would venture to stake some now (ideally not too far above 500-550).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Telsa "crashed" into a support zone 500 - 550 today, hitting a low of 539 before recovering to possibly form a bullish pin bar today. This is a zone with a confluence of "supports", namely a trendline support, 61.8% fib retracement and also a "resistence turned support". Adding to these, there is a bullish divergence in the making.
For those who thought they had missed the oportunity to stake Tesla, I would venture to stake some now (ideally not too far above 500-550).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)