Tesla has been consolidating between 600 to 700 range since past 4 weeks. Swing traders are minting money both ways. tesla trend cannot be defined until it crosses it support or resistance. Until then it is a good swing trade idea. Tesla bulls has lots of opinion about tesla going to 3000 so as the bears having opinion that tesla going to 400. No one knows where it will go, time will tell. I believe the best strategy to trade tesla is to do a put butterfly around 600 level. There is good divergence on 30 minutes chart that indicates that tesla might go up in next week. 700 is a strong resistance, will it break?.. Let the time tell us.
ideas here are for education and training, not a trading advice. Trade at your own risk
ideas here are for education and training, not a trading advice. Trade at your own risk