Hey all. Tesla is currently roughly 18% above the recent low. Shorts have wanted to bring it below 100 per share but the stock has been recovering any red day move downs and also been showing relative strength on green market days.
Bad news hasn’t had that bad of an effect since the low and a bullish pattern is emerging with higher highs and lower lows for the last week.
Today will be the first green week for Tesla in quite a while.
Now looks like the time to be going long on a swing trade or long term entry.
Should be good for a move to at least 145 range if not higher.
Share your thoughts on why you think this is a horrible trade, company, ceo, economy or market or whatever.
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