TESLA SWING LONG IDEA - TSLA
We had a great run on Tesla after Trump's election, which boosted the idea of Robotaxi and green earnings over time.
If you follow me on X, you would know that I have been buying Tesla since the $204 level (August 5th crash). We had a great run from there to $490.
Currently, we have seen a 33% retracement from the top.
The price hit the weekly demand zone and showed a strong rejection there (forming a weekly dragonfly doji).
I have started to build a swing position from this level to ride Tesla to new all-time highs.
The first challenge will be the bearish trendline that has been driving the bearish trend since December 18th. Breaking that trendline should lead to new highs, in my opinion.
If the price breaks and closes below $300 on the daily chart, it will invalidate my setup, and I will look to exit the position.
If you follow me on X, you would know that I have been buying Tesla since the $204 level (August 5th crash). We had a great run from there to $490.
Currently, we have seen a 33% retracement from the top.
The price hit the weekly demand zone and showed a strong rejection there (forming a weekly dragonfly doji).
I have started to build a swing position from this level to ride Tesla to new all-time highs.
The first challenge will be the bearish trendline that has been driving the bearish trend since December 18th. Breaking that trendline should lead to new highs, in my opinion.
If the price breaks and closes below $300 on the daily chart, it will invalidate my setup, and I will look to exit the position.
Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.