Your second take profit
Hello all! Seems like Tesla did a second pullback and the pull back was between 10 Feb and 13 feb!
Anyways, anybody who bought the tesla price at $189 to $195, or even lower is in a SAFE zone. Your next take profit should be above $214.50, considering the fact that monday’s close was a dragon fly doji.
What is a Dragon fly doji? Dragon fly doji is a bullish signal and it is a thin long stick with its buyers closing near the top of the candlestick, resulting a long bottom wick. Long bottom wick represents that sellers managed to push the price to its lowest. However, the buyers stepped in and push the price all the way up, closing near the top.
With the dragon fly candlestick closing, yesterday’s price rose! If you zoom out on the DAILY chart, you would clearly see a strong resistance area at $199-$204, a soon to be Support area and a demand area.
yesterday’s price broke out of the resistance area, instantly creating a new support area for the week. In addition, most common bullish indicator, morning star, pattern has formed as well.
I hope my advice is good and its up to you to listen or not. I hope all of you huat from trading this year!
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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ImSerious : i am holding 160 tesla@215 on margin of usd15k. What you suggest?