don't usually try to catch knives but TSLA coming to bottom of rectangle of 600+ day range. gonna take a stab at long on that horizontal break (break of previous daily lows). it's been power dumping so much I think we at least get a relief bounce
Commento:
Think it has a bit more room to go but looking to tighten stops pretty tight once it approaches this 294-295 level. Lot of interaction with that level as shown by the arrows.
Commento:
If it breaks above that with strength and over the wedge trendline I expect it to move up to the 323ish handle
Commento:
stopped out in nice profit after moving stops but looking to re-enter long if it breaks this wedge and closes above