By end of trading tomorrow, Tesla will break out in either the upward or downward direction. For a long play, shoot for about 225 entry point in the first hour or 225.65 in the second hour and set a pretty tight stop loss.
Note
Breakout was downward. I picked up a small short position this morning after channel break.Note
Tesla's upward triangle breakout today tells me it isn't truly entering a new down-cycle, it's just establishing a wider, gentler upward channel.
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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.