This is a very simple analysis as it isn't a complicated setup.
Tesla is approaching the 200 day moving average (blue). In the past, this moving average has held up the stock every time although it has fallen through it slightly a few times.
The location of the 200 day moving average also lines up with the bottom trend line of a descending channel. I would suggest measuring the % amounts Tesla has dropped below the 200 day moving average and set your stops accordingly.
Tesla is approaching the 200 day moving average (blue). In the past, this moving average has held up the stock every time although it has fallen through it slightly a few times.
The location of the 200 day moving average also lines up with the bottom trend line of a descending channel. I would suggest measuring the % amounts Tesla has dropped below the 200 day moving average and set your stops accordingly.
Nota
No way to know if this will hold, but here is the retest of the 200 day moving average which is happening at the moment of this comment.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.