TheStockMan

TSLA: Recovery?

Long
NASDAQ:TSLA   Tesla
Sometimes the most simple trades are the best ones. Look at how much TSLA has been respecting these Fibonacci levels. With the RSI undersold, a recent bounce at the 0.786 level, and changing sentiment across markets, this might be a good time to buy some TSLA.

This isn't the most safe trade, since the 1M MA and 1W MA are acting as resistance. However, I think the risk/reward is worth the trade here.

This is not financial advice, you are responsible for your own financial decisions.
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.