I have added my second position on Tesla at $351. The first is in at $330.
The set up ticks all my boxes. Engulfing bar on double the average daily volume. Stoch and RSI oversold.
We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an innovative company way beyond their cars and are shaping our future technology.
We are, by our very nature speculators and therefore Tesla is a strong buy for me.
The set up ticks all my boxes. Engulfing bar on double the average daily volume. Stoch and RSI oversold.
We have conflicting profit targets from various banks and funds. Goldman believe it is going sub $200, where as Nomura holdings have a PT of $500. As far as I am concerned Tesla are an innovative company way beyond their cars and are shaping our future technology.
We are, by our very nature speculators and therefore Tesla is a strong buy for me.
Comment:
Stopped out of second position. First position still open.
Trade closed: stop reached:
Both stops hit.