ITS THE PERFECT DEFINITION OF "BUY LOW SELL HIGH" TESLA STOCK JUMPED ALOT THESE DAYS BUT A DOWNFALL IS INEVITABLE.
THIS TRADE IS BASED ON SPECULATION SO TRADE AT YOUR OWN RISK.
BUYERS LOOKING TO TEST OUT 0.64291 AS SUPPORT, SELLERS MIGHT TRY TO DEFEND THAT AREA AND TURN IT INTO RESISTANCE, BUT UNTIL THEN THE PRICE HAS REACHED A NEW LOW IN THE DOWN CHANNEL AND THE BULLS AREN'T FINISHED WITH THE PAIR YET
TP- 0.64291
SL- 0.62023
- 5 EMA CROSSES THE 200 EMA
- FURTHER UPSIDE EXPECTED AS A NEW TRENDLINE IS FORMED
- A POTENTIAL DROP TO 0.67423(SUPPORT) IS POSSIBLE INFLUENCED BY NEWS IN WHICH CASE THE STOP LOSS WOULD BE REACHED
- TAKE PROFIT AT 0.68400
