It is clear that most asset classes are a little confusing right now. The directional bias feels changeable a lot.
TSLA first tried to attempt the high, and it started looking to move towards $ 1,336 but stalled at $ 1,200 region. We declined afterwards to $ 1,000 and now back-up once again $ 1,106. The MA-10 vs M-30 is positive and the stochastic as well. So it feels BUY is likely better then short.
Strategy BUY $ 1,090-1,110 for a move of $ 1,200 and observe. Stop-loss below $ 990.
Medium-term we need to look for selling levels, which I suspect is somewhere between $ 1,200-1,350. I am still eyeing $ 600-700 long-term correction.
TSLA first tried to attempt the high, and it started looking to move towards $ 1,336 but stalled at $ 1,200 region. We declined afterwards to $ 1,000 and now back-up once again $ 1,106. The MA-10 vs M-30 is positive and the stochastic as well. So it feels BUY is likely better then short.
Strategy BUY $ 1,090-1,110 for a move of $ 1,200 and observe. Stop-loss below $ 990.
Medium-term we need to look for selling levels, which I suspect is somewhere between $ 1,200-1,350. I am still eyeing $ 600-700 long-term correction.