Long Pros:
-GAP Fill
-Bullish Impulse
-Congestion around previous support (now resistance?)
Cons:
-Lots of real commercial / office real estate that COVID could impact.
I got in for the meme. Wanted to be part of history and willing to lose the amount I put in.
Generally speaking the market doesn't like gaps. They need to get filled and so price has a chance going back to $175 or even beyond if people are crazy enough.
No technical analysis or fundamentals can really help in a trade like this......
BUT FUCK IT! LETS GOOOOOOOO!
Technical look good. Only downside is there isn't much space to the upside. There is a lot of resistance around the $75 area. However, due to recent news and trend they're more likely going to the upside than down.
-Bot shown on chart but it's actually a 50% retracement on larger swing low and 61.8% on shorter swing.
-Bounce back of previous resistance and trend...
Trend line and support bull daily candle bounce. Pulling back for good entry. Ideally go in to hourly chart for bull signal for entry otherwise trade is isn't yet valid) But I don't know how to post MTF charts.
Breaks support / TL = Up Direction Bias ends and it'll consolidate before choosing a direction
At swing high take off some of the position and let the...
Tesla can go either of 2 ways. On the Weekly it's ranging and could dip but on daily it's bullish.
For me based on technical it's a short term buy and watching daily candles for strength. if it break the weekly resistance then it's a hold.
If it goes up and consolidates more It's a short and hold until a good dip occurs probably a bit faster because of panic...
Long Pros
Good Technical:
-50% Fib Pullback
-Bouncing of MA's
-Slight Higher-highs
-Overall impulse is up
-Strong bull dailys
Long Cons:
-COVID government restrictions
-Layoffs news
Long Pros:
-Higher Highs,
-Strong Weekly
-Strong Market Bias Towards Future Tech
-Broke 3 level highs
Most likely pull back to the level and then go up again.
Long Pros:
-Weekly trend breakout
-Impulse up
-2x Higher Lows
-Pull back to previous lows high.
-61.8% Fib retest
-MA Retest
-Bull Daily Bars
-Security sector is going to be huge
Cons:
-The company has to succeed.
