Trade Idea for TESLA Inc (NASDAQ)

TESLA Inc (NASDAQ)

#TSLA

    The trend is bullish. The descending wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions. The stock is trading within the range between the 365 EMA and 135 EMA.

Trading Idea:

Buy upon the formation of an ascending wave structure, where wave (A) breaks through the trend channel of the truncated descending structure.

Stop Loss: 428.60.

Target levels: 457.40; 493.00.