Ok, traders! Tesla might do a double top here! If next week it breaks the 635, it might keep pushing up, but I’m not sure if this will happen.
We have a small RSI divergence, but the 20ma is holding the price.
Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares. Today I decided to move my trailing stop-gain to the 622. If Tesla breaks this point, it’ll trigger the double top, and it might drop to the next support.
If Tesla triggers the double top the next target is the 596, and this would be a short opportunity! We’ll have our answer next week. I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
We have a small RSI divergence, but the 20ma is holding the price.
Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares. Today I decided to move my trailing stop-gain to the 622. If Tesla breaks this point, it’ll trigger the double top, and it might drop to the next support.
If Tesla triggers the double top the next target is the 596, and this would be a short opportunity! We’ll have our answer next week. I’ll keep you guys updated.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
