Trade Idea #47 - $TSLA - Is it time to buy?

Tesla is looklng deeply oversold and the earning report may be brutal. Or it might just be a set-up I am willing to take.

Reasons

• 1D RSI oversold deeply.
  
• Entire market ready to bounce.
  
• Squeeze looks imminent.
  

My stop is soft through 145-150.

Correct position sizing for these high % swings is crucial.

Good Luck

Comment:

For some reason the long R/R setup is not shown.

Entry: 160
Potential first Target: 195
Stop: Soft through 145-150

Trade closed manually:

Was watching this one closely. Thank God for the Dump and pump I was able to exit near $153. 5% loss on capital.

Comment:

Initial target hit.

Comment:

It was time to buy. :)