$TSLA Breaks Key Resistance - What's Next?

24 giu 2021

TSLA broke a key resistance level at $628-629 allowing it to close at a remarkable $656.57. News of its new charging station opening in its first location in China helped fuel TSLA bulls.

What's next?

Currently, I am in one June 25 655c. To preserve profits I will take profits if TSLA falls to $654. I can continue to monitor and find another entry point. Where?

If this trades the key line to watch is it crossing over $660 with strength where it meets the wedge . If it can show strength there the next resistance is $714!

If we get a rejection at $660 we could see a pull back to $637 levels.

The waves below the chart show bullish trends. Volume /price (green) is going up and the blue momentum wave continues to trend up with no divergence displayed so far. RSI's are not in the overbought stages.

Trade idea:

TSLA Above $660 - July 2 700c

*Disclaimer: This is not financial advice. The analysis provided is simply that, an opinion, and not meant as financial or investment advice."