Trade Idea #49 - $TSLA - Swingers Playground

16 Mar 2016

TSLA showing huge movements lately. The last published chart was stopped out (so was teh trade) but a re-entry at the same set-up proved to be profitable enough to cover losses and then some.

Tesla is now showing a decent swing trade set-up after a 45% rise. Time to short the exuberance.

Conservative target of 195

Reasons

• Suppression at 200 & 365 EMA
  
• Overbought RSI on the short-term lookout
  
• Dynamic Trend line resistances
  
• Rate Hike could be mega bearish
  

Good Luck

21 Mar 2016

Trading ditutup: stop tercapai

Stop reached. Looking to reenter once Oil/Indices begin to retrace.