TSLA has finally broken out of its range that it has been stock in over the past two years. It breakout of its support level and closed not only the WEEK but also the MONTH charts below support on HIGH VOLUME. The weekly and monthly charts indicate longer term range for the stock and show the bigger picture. TSLA also broke down through support after forming a triple top pattern. All are strong indicators leading me to believe TSLA has downside to the $180- $215 range, leading to a profit short potential of 10%-25%. With a stop price if there is a weekly close back above the previous support level of $250, which negates the target
Trade stängt: Stopp nått:
Weekly closed above $250, so the stop was reached and trade is closed