Nov. 22 at 1:38 AM
$TSLA trade plan:
Market context indicates a bearish sentiment, as the last close is significantly below both the 30-day (MA30=434.12) and 50-day (MA50=433.56) moving averages. The RSI at 26.39 suggests the stock is oversold, indicating potential for a rebound, but caution is warranted due to the overall downtrend. The 60-day high of 474.07 and low of 325.6 further illustrate the current volatility and range.
Directional bias leans bearish in the short term, but a possible reversal could present a trading opportunity.
Suggested entry:
$335.00, anticipating a bounce from the recent low.
Stop loss:
$320.00 to limit potential losses.
Targets: First target at
$360.00, aligning with resistance levels, and a second target at
$380.00, near the MA30.
Monitor market conditions closely for any shifts in momentum.
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