TESLA: The Best Stock of 2020
The super-profitable long trade could change everything!
From time to time, different financial markets give traders amazing trade opportunities. Crypto, Gold, Oil, S&P500, and other markets allowed us to gain tons of money by following simple setups available for everyone.
For those "traders", who prefer to follow instruction from signal providers, maybe it is not obvious. And probably such "traders" could miss such trade opportunities as their "gurus" offered them other markets for trading.
But for those who decide to spend their time on learning how to trade properly and get trade opportunities from any markets they want, these traders have good chances to take part in such trades as you see above.
Let's talk about TESLA, probably the best stock of 2020.
The price reached ATH at 1000USD. The price bounced from the resistance zone, and we saw a correction movement toward SMA with period 200.
How could we join the further amazing upward movement?
It is simple! I use the same setup in my trading, and you can see a lot of posts based on this idea.
The price bounced from SMA200. We got a reversal candlestick pattern. RSI confirmed the price reversal in the overbought zone. The same goes about MACD histogram, which supported a further upward movement in the direction of the main bullish trend.
We could use the 1st bullish candle at SMA200 as an entry point. Stop orders could be placed below SMA200 and the local swing low. The 1st profit target could be the previous resistance zone at 1000USD. The other parts of trading volume could be closed with profit based on the round numbers.
It was simple to enter the market in the direction of the main trend at the right point. But you should have a lot of experience, knowledge, and discipline in order to hold the stock above 1000USD.
That's why I recommend you to spend your time not on following useless trading signals, which won't make you rich but invest your time and efforts in developing yourself as a trader. It makes sense as you will have more opportunities and ways to reach your financial goals.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
From time to time, different financial markets give traders amazing trade opportunities. Crypto, Gold, Oil, S&P500, and other markets allowed us to gain tons of money by following simple setups available for everyone.
For those "traders", who prefer to follow instruction from signal providers, maybe it is not obvious. And probably such "traders" could miss such trade opportunities as their "gurus" offered them other markets for trading.
But for those who decide to spend their time on learning how to trade properly and get trade opportunities from any markets they want, these traders have good chances to take part in such trades as you see above.
Let's talk about TESLA, probably the best stock of 2020.
The price reached ATH at 1000USD. The price bounced from the resistance zone, and we saw a correction movement toward SMA with period 200.
How could we join the further amazing upward movement?
It is simple! I use the same setup in my trading, and you can see a lot of posts based on this idea.
The price bounced from SMA200. We got a reversal candlestick pattern. RSI confirmed the price reversal in the overbought zone. The same goes about MACD histogram, which supported a further upward movement in the direction of the main bullish trend.
We could use the 1st bullish candle at SMA200 as an entry point. Stop orders could be placed below SMA200 and the local swing low. The 1st profit target could be the previous resistance zone at 1000USD. The other parts of trading volume could be closed with profit based on the round numbers.
It was simple to enter the market in the direction of the main trend at the right point. But you should have a lot of experience, knowledge, and discipline in order to hold the stock above 1000USD.
That's why I recommend you to spend your time not on following useless trading signals, which won't make you rich but invest your time and efforts in developing yourself as a trader. It makes sense as you will have more opportunities and ways to reach your financial goals.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
כתב ויתור
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