There is nice setup for short term counter trend swing trade on
TSLA
, after 4 day rally.
Price is technicaly exhausted, thats confirmed by today down open and retested resistance level at 1102 where price fail to close above.
On daily chart current price of
TSLA
is too stretched from its 5 day EMA.
Tomorrow price action at close also indicate weakness on buying side at higher prices
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Swing trade setup
==================================
Entry: 1090
Stop Loss: 1103
Profit Target: 1029
Trade duration: 1-3 days
TSLA
, after 4 day rally. Price is technicaly exhausted, thats confirmed by today down open and retested resistance level at 1102 where price fail to close above.
On daily chart current price of
TSLA
is too stretched from its 5 day EMA. Tomorrow price action at close also indicate weakness on buying side at higher prices
==================================
Swing trade setup
==================================
Entry: 1090
Stop Loss: 1103
Profit Target: 1029
Trade duration: 1-3 days
