Dec. 15 at 5:33 AM
Actionable Trade Alert for
$TSLA:
Market Context:
$TSLA is currently trading at
$458.96, showing strong momentum with an RSI of 80.94, indicating overbought conditions. The stock has been trending upward, but caution is warranted due to the high RSI. The 60D high of
$474.07 is a key resistance level, while the 60D low of
$382.78 provides a solid support reference.
Directional Bias: The bullish sentiment is supported by the MA30 at
$432.69 and MA50 at
$435.58, both below the current price, indicating upward momentum. However, the high RSI suggests a potential pullback.
Trade Plan:
- Suggested Entry:
$458.96
- Stop Loss:
$440.00 (approx. 4.1% below entry)
- Take Profit Targets:
1.
$470.00 (2.4% gain)
2.
$480.00 (4.6% gain)
3.
$537.00 (17% gain)
With a well-defined risk-reward ratio, this trade offers potential for significant profit. Monitor closely for any signs of reversal.
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