Buy Now and Short later
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Hello People
Back with Tesla with a lot of conviction.
#1 We are sitting almost more than 40% down from the recent top, You can see last 3 drops those are all coinciding with 45% drawdown at minimum
#2 We are sitting a huge support at or around 160, Had this touched 159 I would have been happier but why bother for few more dollars after 45% drawdown?
3# 235+ is a minimum target and I am projecting the low towards 120 later as there is a huge support around that price (50% drawdown again from 235-250 area)
now on the fib level, Monthly fib is shown in the red. I am not looking for declaring those lines are THE LINES. No those are just to show that around those lines things reverse the trend
The parallel channel so far showing the downtrend is not over yet and I am in a camp who thinks eventually it has to test pre 2020 level
There are a lot of ways to trade/invest. Like last time I mentioned, when Tsla moves, QQQ/SPY/SPX/ARKK/TARK everything else starts reacting. The only thing important is the time and patience. For options give some time and if you are buying stock then have some patience.
I have presented my opinion and I will trade according to the above and most likely through options. Please be careful with your money and do your DD. Good luck.
Back with Tesla with a lot of conviction.
#1 We are sitting almost more than 40% down from the recent top, You can see last 3 drops those are all coinciding with 45% drawdown at minimum
#2 We are sitting a huge support at or around 160, Had this touched 159 I would have been happier but why bother for few more dollars after 45% drawdown?
3# 235+ is a minimum target and I am projecting the low towards 120 later as there is a huge support around that price (50% drawdown again from 235-250 area)
now on the fib level, Monthly fib is shown in the red. I am not looking for declaring those lines are THE LINES. No those are just to show that around those lines things reverse the trend
The parallel channel so far showing the downtrend is not over yet and I am in a camp who thinks eventually it has to test pre 2020 level
There are a lot of ways to trade/invest. Like last time I mentioned, when Tsla moves, QQQ/SPY/SPX/ARKK/TARK everything else starts reacting. The only thing important is the time and patience. For options give some time and if you are buying stock then have some patience.
I have presented my opinion and I will trade according to the above and most likely through options. Please be careful with your money and do your DD. Good luck.
Note
if you missed earlier, time to consider one more timeNote
It's keeping chance for 3 days, the risk of entering here is too low vs waiting for new low. Good luckNote
4th time if you have missed, one more chance, good luckNote
Nothing to worry, Tsla will follow the market, patience is mandatory.Note
if today and this week it closes above 159 ( monthlyl red) you know where we are going. good luck.Note
The chart says everything, Tesla is very very oversold, if it happens to go below 135 then that's a gift from gods. However if you receive the gift and confirm that as a gift then greed will make the gift disappear because the current price has capped the upside to 207. That's a big range from 135-207 or 122-207. Consider taking profits at 159-160, 167-170, 177-186 and finally 200-207
Note
Anyone alive on this? if yes how are you doing?
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight st
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