Dec. 10 at 2:30 AM
$TSLA Actionable Trade Alert:
Market Context: Tesla's recent performance shows a strong upward trend, with the last close at
$446.87 and an RSI of 71.91 indicating overbought conditions. The stock is currently above its 30-day MA of
$432.9 and 50-day MA of
$435.27, suggesting bullish momentum, but caution is warranted due to the high RSI.
Directional Bias: Given the current RSI and proximity to the 60-day high of
$474.07, a pullback could occur. However, the stock remains in a bullish trend, making it suitable for a strategic entry.
Trade Plan:
- Suggested Entry:
$445.00
- Stop Loss:
$430.00 (3.36% below entry)
- Take Profit Targets:
1.
$460.00 (3.37% gain)
2.
$475.00 (6.74% gain)
3.
$525.00 (17.67% gain)
This plan provides a solid risk-reward ratio with potential for significant upside while managing risk effectively. Execute with caution and monitor RSI for potential adjustments.
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