TESLA, TIME TO FLY!

2021년 3월 4일

Hello fellow traders and investors, here's another trade idea.
TSLA has recently pulled back to the 200SMA and to the trendline, previously TSLA tends to make a reversal whenever it approaches the trendline. If TSLA makes a full recovery it offers a little bit over a 37% ROI .

Technicals:
The Macd indicates that TSLA is oversold
The Ema's indicate that TSLA is still in a downtrend

When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA

When To Sell:
There are two options on where to sell. The first option would be to sell at its previous high which offers around a 37% ROI and the second option would be to sell at the upper trendline which offers around a 45 to 50% ROI.

NOTE: The technicals on Tesla look amazing however the fundamentals indicate that Tesla is overvalued however if Tesla's EMA's crossover and the Macd indicates that it is reversing then I will proceed to buy some shares. I recommend you analyze Tesla on a higher timeframe like the 4HR or the Daily for fewer fakeouts.

I hope you enjoyed this quick analysis and many more to come.
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