Tesla/TSLA (NASDAQ) Technical Analysis,

      Tesla/TSLA (NASDAQ) Technical Analysis

Respected, All Trader&Investor

with the blessings of all.

 Today I will Discuss About - TSLA, 

we know that The TSLA is a great company which belong to or highlighted based on Elon Musk this time.

The growing company ,which is known to all. But,The biggest subject is 'How To Trade' on it.

From my opinion,Tesla is a best stock.The  Investor may invest on for Long Term basis.

'Long Term' is an words which is not except-able type feeling near to Short Term or Swing Trader.

They always try to reach or find out a good entry or exit point. So, they try with using Technical Analysis which besed on some Technical tools or technical Indicators. 

In this Blog, we will try to find out Technical situation on TSLA .Which will help you for Understanding and Trading on it.

So let's start:     

                                          Tesla/TSLA (NASDAQ)

In weekly chart ,In this situation the stock price is staying on Higher Low area.

One week ago who created short position at  275,  they may book there 75% profit this area now(1 support line).

But still they may not book all position. I seemed after booking their 75%, they try to chance for next support area 240,(2 support line).

The fresh entry  for long will be at 275, because RSI already break down own label with 'M" pattern

which is clear visible on image. The stock may more down to taking support on 2nd support area,which clearly visible on RSI label in image.

Now, I will discuss more about TSLA chart:

We know that all type chart pattern has a common rules,that Higher high or higher low type waves formation.

many trader can't understand or find. Because their mentality is short term trading type, 

Any chart follow this rules , may be higher time frame(monthly chart or weekly chart).

RSI is another best indicators to finding this type waves and pattern.

According to 2nd picture we can trade with follow this wave with proper Stop Loss .

Every chart can speak there words,market doesn't want your loss.market wants to known how to trade on it, You have to Analysis every week end,minimum hundred stock for getting more knowledge from market.

When a momentum candle appear poor knowledge trader jump on it,like insect jumps on fire.they have to know a big bullish candle volume is never beater then there previous small candle's volume.

So , comment me for this blog. Useful or Not.

If any quarry for any Stock ,from Any country, I will try support everyone by Technical Analysis.

                                             Thank You Everyone