Tesla
Long

LONGING $TSLA

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I am opening up a long position on TSLA for the following reasons.

We are in a huge bounce area. On the 4 hour timeframe:
  • There's a clear trendline forming which we are retesting
  • Retesting a 4 hour order block
  • Retesting lower band of Bollinger Bands (Nadaraya smoothed)


Aside from technicals, we have earnings coming up which is our catalyst. This is a very risky trade and I'm only risking 0.25%.

Take Profit 1: 225.81
Take Profit 2: 243.67
Take Profit 3: 256.65

Stop Loss: 202.07

Note
SL hit
fluxchartsTechnical IndicatorslongsetupTrend AnalysisTesla Motors (TSLA)tslaanalysistslalong

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