There is significant divergence with the NASDAQ and Tesla.
NASDAQ has been ripping higher while Tesla has been declining.
Due to the bullish technicals on Tesla I believe this is a bullish divergence and will soon see Tesla reverse once it reaches the pink zone which starts at around 180.
Your stop loss can go at 151 for a conservative option, or if going more aggressive at 162 which will increase the risk to reward ratio from 4.5R to 7R.
Target is 313.
NASDAQ has been ripping higher while Tesla has been declining.
Due to the bullish technicals on Tesla I believe this is a bullish divergence and will soon see Tesla reverse once it reaches the pink zone which starts at around 180.
Your stop loss can go at 151 for a conservative option, or if going more aggressive at 162 which will increase the risk to reward ratio from 4.5R to 7R.
Target is 313.