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TSL

TESLA Possible Buy OpportunitiesI want to increase the number of post for Stock markets, and add big companies in my list too. It will be interesting to compare how different TA tools and strategies work in Stocks markets with different capitalization. Today, I think, Tesla company looks interesting for buying. The price dropped from highs, and now it stays below 300.00 - the 1st support level. Also, we have two strong support levels at 280.00 and 250.00 and reversals from these levels will be able to give interesting buy opportunities based on reversal signals. Alternative variant, it's possible to use a breakout above the signal line for opening buy positions. If the price breaks this resistance line, it will give a signal confirming further upward movement and the strength of bulls. Indicators: - RSI does not reach the oversold zone - it means that the market can continue falling to 280.00 and 260.00 levels - MACD lines and histogram still support bears - DMI is bearish, but ADX line tells us about range market conditions. We should not expect strong market movements until ADX line will move above 20-25 level. It will be good if bullish DMI confirms the breakout with ADX above 20 level.
NASDAQ:TSLALong
by DLavrov
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