Top 5 Weekly Trade Ideas #3 - TSLA Major Trend Retest
TSLA had a huge run up after finally breaking above its downtrend it has been in since 2021 heading into a big event. The event ended up being a sell the news event and TSLA erased most of that rally instantly.
However, it is holding up above the trendline after a near perfect retest. If it can hold I'd be targeting the trendline above and then ATH. If it breaks below this trendline here I would avoid longs and potentially look for shorts. Pretty critical spot here for the medium-long term. Very bearish if it can't hold IMO and very bullish if it does hold and continue the rally after a brief pause.
However, it is holding up above the trendline after a near perfect retest. If it can hold I'd be targeting the trendline above and then ATH. If it breaks below this trendline here I would avoid longs and potentially look for shorts. Pretty critical spot here for the medium-long term. Very bearish if it can't hold IMO and very bullish if it does hold and continue the rally after a brief pause.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.