This week I think tsla will bounce back to 258-260 resistance and form a right shoulder for a correction back down to 215.
For the long
Entry 242-244.
Stop loss 240
Target 258
For the short
Entry 258-260
Stop loss - 263
Target - 242, below 240 and we see 212
For the long
Entry 242-244.
Stop loss 240
Target 258
For the short
Entry 258-260
Stop loss - 263
Target - 242, below 240 and we see 212
Note
Sitting on trendline support.. I don't think this H&S will play out any longer.
Long over 255
Target 262
Short below 252
Target 246 gap close
Note
Tsla update... decent size pennant forming here.. may pullback to 257 before it pushes higher
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.