$Tesla Motors(TSLA)$ Chart is looking bearish which is in line with the current sentiment. Since it had breached 180 level, next support is around 150 region in the weekly which is near 200SMA. Failing which 120-125 will be the next area of support. Since there is no sign of trend reversal, I'll just sit back and relax until price action shows otherwise before I take on the trade or if there's a confluence of signals before I take the trade.
It's hard to give a target price but I will structure my trade to give me a risk reward of at least 1:2
Below my earlier post on Tesla dated 21 Oct in this community 👇
https://ttm.financial/m/post/9983737391?utm_campaign=9983737391&utm_medium=copy&shareID=ece365c00eb222119de7f5119c688c5f&invite=46NJRK&lang=en_US&platform=android&utm_source=post
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments