On Friday Tesla has bad new which caused a massive 12% crash, recovering slightly after hours. I expect the average trader to continue selling Tesla here with so much FUD surrounding it, so I am going straight into a long scalp position to counter this general sentiment. I see great opportunity with a decent risk to reward ratio long as it sits at a strong support level. My sell target is $307 for this long, which should be a very quick trade.
Trade closed: target reached:
Within 10 minutes of market open my target of $307 hit in the first candle so my scalp trade was closed quickly as expected in profit. Scalping market open after big volatility the previous day always works well.