This is an update of my previous Tesla Trading Ideas. Please review the past ideas to get an idea of applicating chart patterns to the market.
The price of the Tesla stock broke out of the Descending Horizontal Channel and recently made a swing low at the previous low.
I'm starting to place my buy orders across the book - $600 and $550 is where most of my money will be. This is a long term trade for me.
I expect an accumulation pattern (like previously in the triangle) after the downtrend is loosing the momentum.
cheers,
Ares
The price of the Tesla stock broke out of the Descending Horizontal Channel and recently made a swing low at the previous low.
I'm starting to place my buy orders across the book - $600 and $550 is where most of my money will be. This is a long term trade for me.
I expect an accumulation pattern (like previously in the triangle) after the downtrend is loosing the momentum.
cheers,
Ares
