Trading idea for TESLA Inc (NASDAQ)

TESLA Inc (NASDAQ)

#TSLA

The trend is upward. The downward wave patterns are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates an oversold condition.

Trading idea:

Enter a long position upon the formation of an upward wave pattern, where wave (A) breaks through the descending channel of the truncated downward pattern.

Stop Loss – 349.30.

Target levels – 369.50; 382.00.