Hi traders, TSLA‘s double top pattern is about to be completed in the 230-225 area. There seems to be strong support. Should price test that area I expect price to bounce and go up on a short term basis.
RSI is 31 in the daily, Stoch 5.7. In the 1 H Chart a double bottom seems to be forming with strong support around 233 ish. If it tests, I might buy calls.
Entry: 233-235
Tp: 265-267
SL : 228-221
However, I’ ll keep in mind that Musk has a 44 B dollar bill open and that seller‘s volume has not yet declined.
What is your opinion?
RSI is 31 in the daily, Stoch 5.7. In the 1 H Chart a double bottom seems to be forming with strong support around 233 ish. If it tests, I might buy calls.
Entry: 233-235
Tp: 265-267
SL : 228-221
However, I’ ll keep in mind that Musk has a 44 B dollar bill open and that seller‘s volume has not yet declined.
What is your opinion?
