Tesla Consolidation
I am neutral at the moment on Tesla but overall I am bullish on it medium-term as much momentum has been regained since its correction all the way down to $539.
The area of interest for me will be the $700 price level. A breakout and confirmed weekly close above this price would be the next signal for a long on TSLA.
On the flipside, a pull back could be in store for the asset back down to the 21 moving average since it appears that the price was aggressively rejected at the $700 price.
So to reiterate, we are waiting on a breakout and confirmation of the $700 level before taking an entry. If you got in at the sub $600 levels, congrats. You may want to consider taking some profits and looking to possibly add to your position again should we drop or breakout above $700.
The area of interest for me will be the $700 price level. A breakout and confirmed weekly close above this price would be the next signal for a long on TSLA.
On the flipside, a pull back could be in store for the asset back down to the 21 moving average since it appears that the price was aggressively rejected at the $700 price.
So to reiterate, we are waiting on a breakout and confirmation of the $700 level before taking an entry. If you got in at the sub $600 levels, congrats. You may want to consider taking some profits and looking to possibly add to your position again should we drop or breakout above $700.
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.