TESLA One last push possible before August correction.
Tesla has started yet another week on a green opening, making a new 2023 High.
The price is approaching Resistance (1) at 315, which is a little over the Falling Resistance from the November 2021 All Time High as well as the 0.786 Fibonacci level.
Be prepared for a correction around that juncture.
Trading Plan:
1. Buy on the current market price.
2. Sell on the 0.786 Fibonacci level at 307.
Targets:
1. 307 (0.786 Fibonacci).
2. 245 (0.618 Fibonacci and Rising Support from the market bottom).
Tips:
1. The RSI (1w) just touched the overbought level (70.00). As with the Feb-Apr correction, it technically requires a pull back to the MA line in order to get normalized. That can be an additional buy signal for you.
Please like, follow and comment!!
The price is approaching Resistance (1) at 315, which is a little over the Falling Resistance from the November 2021 All Time High as well as the 0.786 Fibonacci level.
Be prepared for a correction around that juncture.
Trading Plan:
1. Buy on the current market price.
2. Sell on the 0.786 Fibonacci level at 307.
Targets:
1. 307 (0.786 Fibonacci).
2. 245 (0.618 Fibonacci and Rising Support from the market bottom).
Tips:
1. The RSI (1w) just touched the overbought level (70.00). As with the Feb-Apr correction, it technically requires a pull back to the MA line in order to get normalized. That can be an additional buy signal for you.
Please like, follow and comment!!
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Stop gambling with your trades! 🎰
Start being profitable! 💰
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