Hey everyone, here's the analysis on Tesla. Please give us a LIKE and leave a comment on ideas you would like to see next!
Summary: As illustrated by the yellow dotted lines, price can rally higher to our R1 zone between 641.35 - 668.00 before dropping to our S1 zone between 502.00 - 524.00.
Action: Sell Limit: 668.00 Stop Loss: 735.00 Take Profit: 524.00 Risk to Reward: 2.15
Analysis: R1 is a key resistance zone on the weekly chart and a breakout zone where price saw a strong drop from. Given that current price is near the R1 zone, it could make a further push up to the R1 zone before a drop to our S1 zone. S1 is also a key support zone on the daily chart, hence, we will not play a move beyond that.
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交易結束：達到停損點
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Strong gap above R1, could make a further push to R2 zone