Tesla might be a short term buy
There are reasons why Tesla could have a 10% move to the upside
4 Hourly red Td 9 - this has been very helpful in recent Tesla's history
On support at 580
200 MA also sitting near 580
RSI daily oversold - in the last year this has only been touched twice, and only very recently. Could indicate even if Tesla is to go lower an upside move before downside continuation is a possibility.
Risk is well defined here as below the swing low of 560 - only a 3.5% stop loss which is great for any trade.
4 Hourly red Td 9 - this has been very helpful in recent Tesla's history
On support at 580
200 MA also sitting near 580
RSI daily oversold - in the last year this has only been touched twice, and only very recently. Could indicate even if Tesla is to go lower an upside move before downside continuation is a possibility.
Risk is well defined here as below the swing low of 560 - only a 3.5% stop loss which is great for any trade.
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