Plunged 26% in just 2 days (due to overall market sell off due to an extremely overbought situation). With strong supports (both horizontal and 61.8% fib) at 359-360, TSLA fell to 372 (just $12 shy) before staging a rebound. Time to nibble on the way back up! With initial SL @ 355 but safe to start trailing stops up as it goes higher by next week.
p/s decision is made in view of overall market situation with S&P and NQ bouncing off rather significant supports
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.
p/s decision is made in view of overall market situation with S&P and NQ bouncing off rather significant supports
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.
Nota
With the news that TSLA was not going to make the cut to join S&P (for reasons unknown) after market close on Friday, TSLA quickly tumbled post market to 391 (about 4.9% drop from the official close). Ouch. However, I will still be watching the strong support at 360. Only when this level is breached then I would question if the larger trend is no longer up.Nota
Smashed down way below my stop @ 360 yesterday to close 330. The bears won yesterday. However we now have bullish divergence between price and RSI / Stochastic. The worst is likely over for now with 330 as immediate support.
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.
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.