Ok guys, our trade on TSLA was virtually perfect (technically speaking). You'll find the links to our last 2 analysis, when I pointed the trigger point (Friday) and the analysis we studied on Monday, if you need more details.
But I'll summarize for you. First, Tesla broke the 592, the trigger point, and we had the confirmation of an advanced breakout on the RSI as well.
Tesla did trigger the trade, and it did the pullback to the 596 as we also discussed in our last analysis, giving another chance for the late traders to buy Tesla.
Today, it hit the target we mentioned on Friday, the 626.
Tesla has more upside in the 4h chart, as it is not overbought at all, but since it just hit our target, I think it is time to book profits. It was a perfect trade, and I'll just wait for another opportunity. Also, we have a divergence on the RSI in the 30min chart, so, I don't want to take any chances here anymore. I'll hold a just a small position here, and quit most of it.
I'll keep you guys updated about Tesla.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
But I'll summarize for you. First, Tesla broke the 592, the trigger point, and we had the confirmation of an advanced breakout on the RSI as well.
Tesla did trigger the trade, and it did the pullback to the 596 as we also discussed in our last analysis, giving another chance for the late traders to buy Tesla.
Today, it hit the target we mentioned on Friday, the 626.
Tesla has more upside in the 4h chart, as it is not overbought at all, but since it just hit our target, I think it is time to book profits. It was a perfect trade, and I'll just wait for another opportunity. Also, we have a divergence on the RSI in the 30min chart, so, I don't want to take any chances here anymore. I'll hold a just a small position here, and quit most of it.
I'll keep you guys updated about Tesla.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
