Tesla finally turned $700 into support from resistance
$TSLA 210813 730.00C(TSLA210813C730000.US$ Earlier in July, Tesla has been trying to break $700 countless times but failed. However when it does breakout, $700 has become it's defence line now. The next target resistance level to attack is $725. Looking at the weekly chart, Tesla seems to be building up to attack $900 again.
But even intra day, Tesla is a wild horse and you need to time your entry well. It will be good if there is a chance to enter at $700, with stop loss at $690. If not, then wait for Tesla to break $730 to confirm it's uptrend before buying in. Good luck and cheers.
But even intra day, Tesla is a wild horse and you need to time your entry well. It will be good if there is a chance to enter at $700, with stop loss at $690. If not, then wait for Tesla to break $730 to confirm it's uptrend before buying in. Good luck and cheers.
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PS: Personal opinions and not meant to be financial advice.
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Emily : $Tesla (TSLA.US)$![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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JohnthehAndsome : what do you think about the recent accident? Can $Tesla (TSLA.US)$ fix the autopilot system?
mooster Han JohnthehAndsome :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
yes?
Jimmy112 : good view
Augustine06 : buy or not?
Food For Thought3731 OP Augustine06 : Tesla found support at 650. Will need to break out of 670 to go higher. But Tesla is a wild horse with as much short interest as long interest. If you prefer something less risky, look at $United Parcel Service (UPS.US)$. Good luck.
Food For Thought3731 OP JohnthehAndsome : For Tesla, it is always more about the news than the fundamental, as long as it doesn’t break 650, the sell off is over. Cheers.