TSLA - (TSLA) Trading Advice

2024-06-29 09:26:00 ET

Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes trading in Tesla Inc. (NASDAQ: TSLA) with integrated risk controls.

Warning:

The trading plans were valid at the time this was published, but the support and resistance levels for TSLA change as time passes, and this should be updated in real time.  Access those real time updates for this and 1000 other stocks here. Unlimited Real Time Reports

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Instructions:

Use the basic rules of Technical Analysis.  Here are some examples: if TSLA is testing support the signal is to buy and target resistance.  On the other hand, if resistance is tested, that is a sign to short, and target support.  No matter which side the trade is, long or short, the trigger point is both a place to enter and as a risk control.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data can be used to define Day Trading, Swing Trading, and Long Term Investing plans for TSLA too.  All of these are offered here: Access our Real Time Trading Plans

Longer Term Trading Plans for TSLA

• Buy TSLA slightly over 189.6 target n/a stop loss @ 189.05.
• NONE .

Swing Trading Plans for TSLA

• Buy TSLA slightly over 198.16, target n/a, Stop Loss @ 197.59
• Short TSLA slightly near 198.16, target 189.6, Stop Loss @ 198.73.

Day Trading Plans for TSLA

• Buy TSLA slightly over 198.16, target 200.23, Stop Loss @ 197.7
• Short TSLA slightly near 198.16, target 195.39, Stop Loss @ 198.62.

TSLA Technical Summary | Raw Data for the Trading Plans