TESLA One last push possible before August correction.

3 ביולי 2023

Tesla has started yet another week on a green opening, making a new 2023 High.
The price is approaching Resistance (1) at 315, which is a little over the Falling Resistance from the November 2021 All Time High as well as the 0.786 Fibonacci level.
Be prepared for a correction around that juncture.

Trading Plan:
1. Buy on the current market price.
2. Sell on the 0.786 Fibonacci level at 307.

Targets:
1. 307 (0.786 Fibonacci).
2. 245 (0.618 Fibonacci and Rising Support from the market bottom).

Tips:
1. The RSI (1w) just touched the overbought level (70.00). As with the Feb-Apr correction, it technically requires a pull back to the MA line in order to get normalized. That can be an additional buy signal for you.

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