here my view on #tesla, hope this help you build up your position before the next spike happen, enjoy the ride, if this helpful pls hit the like, and comment, for any feedback, and subscribe for more like this set up,
pls be aware trading is risky use proper risk/trade management and investigate properly before taking any trades...
"SpaceX identified a valve motor on the second stage engine behaving not as expected and determined the safest and most expedient path to launch is to utilize the next second stage in line that was already at the Cape and ready for flight."
The legendary investor and Tesla bull legend who has published more than 65,000 case studies on how to invest in the financial markets including the famous real-time Tesla upgrade to Strong Buy $179 in 2019 downgraded the stock to buy $924 explaining that
"Now that Morgan Stanley has finally turned bullish on Tesla using my price target 1,200, I am more cautious. Alex"
NASDAQ:TSLA has been testing the 815 mark for the last few days and strong resistance lines of 750, keeps bouncing back.. Volumes has died down a bit and due to MMs pinning the stock at around 770-800 range in the last 2-3 days, they killed off the options premiums for the weeklies which expired 2/14.. they will have a tougher time containing it for the 2/21,...
Time for a Tesla Correction, reasons:
Hit first target (drawn when Tesla was at 280.-)
Weekly Hammer Candle
Followed by a Weekly Doji Candle
TD 9 in Weekly Chart
Buy Zone appx. 450-500$:
Old Channel Resistance
0.382 Fibonacci
50 ema
As we can see, i guess Tesla stocks will suffer a big loss. RSI was way too high.
I Guess we will see Fib. retracemant to 500-600 area.
No investment advice
For those of you who don't know, I shorted Tesla at $950 and am holding it for a swing trade. I'm currently ~30% in profit in a few days.
However, this looks primed to go up and fill the gap above at $900. At this point, it is too soon to tell if we go higher than $900 (green line) and make new highs but I want to be hedged against my position in case we blast...
EngineeringRobo is a Robo Advisor that uses a computer program that follows a defined set of instructions to create successful entry and exit ideas to users. EngineeringRobo has 7 different Robots to help traders to increase their success rate. You can also use 10+ indicators with it 3.0 to improve your strategy.
According to a new market research report...
