TSLA for potential price action on September 11, 2024
Support and Resistance Levels:
Immediate Resistance:
$235: This level has been marked as a recent high. TSLA would need to break above this for further upside.
$249.89: This is a major resistance zone, and TSLA may struggle to break past it if it moves up aggressively.
Immediate Support:
$226.46: The current price is hovering around this level. It's a key pivot point. If TSLA holds above this, it could attempt to test higher resistance.
$216.27: Another potential support zone, which may act as a strong area of interest for bulls if there is a downside move.
$202.15: The lower support for a significant pullback.
Entry and Exit Strategy for Scalping:
Bullish Scenario:
Entry: If TSLA opens strong and breaks above $230 with good volume, you could look for a potential entry above this level, targeting the next resistance at $235.
Exit: Consider taking profits near $235, especially if volume weakens near this zone. The next target could be $240 for a more extended move, but it would need a breakout of $235.
Stop-Loss: Place a stop-loss below $226.46 to minimize downside risk.
Bearish Scenario:
Entry: If TSLA fails to hold above $226.46 and breaks down, a short position could be initiated with a target at the support zone of $216.27.
Exit: Look for profits near $216, as it may act as strong support.
Stop-Loss: A stop-loss above $230 could protect against an upside reversal.
Momentum and Volume:
Volume Patterns: Keep an eye on the volume, especially as TSLA approaches the key levels of $230 and $235. A breakout with strong volume signals further strength.
RSI: The oscillator shows some choppy action, meaning it’s critical to confirm moves with volume for strong entries.
Immediate Resistance:
$235: This level has been marked as a recent high. TSLA would need to break above this for further upside.
$249.89: This is a major resistance zone, and TSLA may struggle to break past it if it moves up aggressively.
Immediate Support:
$226.46: The current price is hovering around this level. It's a key pivot point. If TSLA holds above this, it could attempt to test higher resistance.
$216.27: Another potential support zone, which may act as a strong area of interest for bulls if there is a downside move.
$202.15: The lower support for a significant pullback.
Entry and Exit Strategy for Scalping:
Bullish Scenario:
Entry: If TSLA opens strong and breaks above $230 with good volume, you could look for a potential entry above this level, targeting the next resistance at $235.
Exit: Consider taking profits near $235, especially if volume weakens near this zone. The next target could be $240 for a more extended move, but it would need a breakout of $235.
Stop-Loss: Place a stop-loss below $226.46 to minimize downside risk.
Bearish Scenario:
Entry: If TSLA fails to hold above $226.46 and breaks down, a short position could be initiated with a target at the support zone of $216.27.
Exit: Look for profits near $216, as it may act as strong support.
Stop-Loss: A stop-loss above $230 could protect against an upside reversal.
Momentum and Volume:
Volume Patterns: Keep an eye on the volume, especially as TSLA approaches the key levels of $230 and $235. A breakout with strong volume signals further strength.
RSI: The oscillator shows some choppy action, meaning it’s critical to confirm moves with volume for strong entries.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.