Tesla (TSLA) Trade: Maximize Gains with This Strategy

3 gen

Hi traders, welcome to a new analysis! Today, I’m sharing my trading strategy for Tesla (TSLA), ready for when the stock market opens tomorrow.

I’ve set a Buy Limit order at $380, near a key support zone supported by the 50 and 100-period moving averages. I’m expecting a potential rebound from this level.

Take Profit: My target is set at $403, a significant previous resistance level where I plan to secure my profit.

Stop Loss:To manage risk, my Stop Loss is set at $325.58, positioned well below the support level to avoid getting stopped out by false breakouts.

Moving Averages: The 50 and 100-period moving averages strengthen the entry zone.
RSI: The RSI is currently at 49.83, indicating a balanced market with room for an upward move.

This analysis is on the 4-hour timeframe. If the price reaches $380 when the market opens tomorrow, my order will trigger automatically.

Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.

6 gen

Trade chiuso: obiettivo raggiunto

I touch take profit !