- December 25, 2020
- Posted by: virtualxstore
- Category: trading
I would like to point out on bearish ( thesis side ) and bullish ( thesis side ) and how to execute a plan with best entry and exist ..
Few things to keep in mind We have to be very careful with Tesla and stick to the plan ..
because price can move in a violent way any direction .. this stock is very volatile
For bullish thesis
You wanna be a buyer from black line to target red line as long as ( black line hold no daily close below )
You wanna be a buyer from green line to target black line and above as long as ( black line hold no daily close below )
You wanna be a buyer from orange line to target green line and above as long as ( black line hold no daily close below )
For bulls you wanna watch green line and orange line in the RSI indicator it is important
For Bearish thesis
You wanna sell if the support lines break ( daily close below to target next support zone )
Our support lines are black , Green , Orange line
For bears watch Red line in the RSI indicator it is important
Just a thought .. History could repeat ..
After price getting rejected price could go to the circle Area same time it will be orange support in main chart