Long idea on TSLA here at 381.30, weekly chart.
The weekly signal fired this week: price traded through 384.34, with 344.20 as the lower level. It stays valid while the week holds above last week's close of 364.27, and a down close for the week would end it.
I'm treating it as a bottom-picking entry for the bigger picture. If it acts strongly over the next five weeks, a monthly or quarterly signal could form behind it.
Stop is 340.32, about 11% below here. I'd risk 1-2% of capital at the stop and size from that.
$TSLA
#TSLA #Tesla #TradeIdea
The weekly signal fired this week: price traded through 384.34, with 344.20 as the lower level. It stays valid while the week holds above last week's close of 364.27, and a down close for the week would end it.
I'm treating it as a bottom-picking entry for the bigger picture. If it acts strongly over the next five weeks, a monthly or quarterly signal could form behind it.
Stop is 340.32, about 11% below here. I'd risk 1-2% of capital at the stop and size from that.
$TSLA
#TSLA #Tesla #TradeIdea
