$TSLA Daily Chart -
It's been experiencing a serious downward channel since mid December and is looking to continue to fall. The reason why I'm calling this one out is because for the past two years it has had a support at the $245 - $255 range. Perfect for longer term swing traders. Potential of 10% to the first resistance line after hitting the support and 19% to second resistance line. Would NOT recommend if you are looking to get in and out fast. The profit margin is definitely there but comes with the price of patience. Do your research and technical analysis and let me know what you guys think!
---Again this is a callout for TSLA becoming an interest. I personally would definitely not get into this stock right now but am closely watching to see if it can create a horizontal pattern based off of my two year chart. Have a great day everyone!
It's been experiencing a serious downward channel since mid December and is looking to continue to fall. The reason why I'm calling this one out is because for the past two years it has had a support at the $245 - $255 range. Perfect for longer term swing traders. Potential of 10% to the first resistance line after hitting the support and 19% to second resistance line. Would NOT recommend if you are looking to get in and out fast. The profit margin is definitely there but comes with the price of patience. Do your research and technical analysis and let me know what you guys think!
---Again this is a callout for TSLA becoming an interest. I personally would definitely not get into this stock right now but am closely watching to see if it can create a horizontal pattern based off of my two year chart. Have a great day everyone!