Good moment for a Tesla SHORT Play. This is a highly speculative trade idea. so adjust risk and money management accordingly.
My reasoning:
- price is pumped by a lot of inexperienced, Robinhood traders driven by pure hype and zero fundamental reasoning
- end of the month - some traders will start to take profit which could ignite bigger panic and sell-off.
-...
NYSE:ACB
Aurora Cannabis has a strong chance of a bounce back based on multiple factors:
1. Falling wedge (bullish pattern)
2. Strong support in $9.50 area
3. D1, H4, H1 oscillators in the oversold area.
Based on those factors it is a good setup for a long position with:
entry at: $9.70
TP: $13.22 (which is a level near 200 EMA)
SL: $8.86
Risk/Reward ratio: 1:4.25
DAX is potentially forming a head and shoulders pattern on Daily timeframe with a neckline retest at 12600.
Entry: 13120 (short)
TP: 12600
SL: 13310
Risk/Reward ratio: 1:2.75
CURRENCYCOM:DE30
