Zoom out to see the last time price was 210-215. There is strong potential for gamma and short covering squeeze with current market and stock conditions. For day trades I use 5/30m timeframe combo. Swing trade only if you can absorb risk, with smaller size and based on 30m chart.
As shared on Twitter: TSLA sold down on news but held 215. Ideal buy zones 210-213, below 221, for squeeze up. First target 234. On chart: 1- price moved out of falling wedge (green lines) 2- bullish RSI divergence (ovals) 3- KEY - stochastic %K buy sign (green arrow)
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