Paul Hodgson asked 3 years ago what are you looking for on TSLA here Pat. Trying to put in a higher low here at 627.
1 Answers
Owen Staff answered 3 years ago Hi Paul!
We were looking at TSLA into the close today. Yes, it has a higher-low and a slight pick-up in volume. It would be considered a very aggressive entry here, but certainly an entry. I won't say I don't take trades like this; for example, PYPL has a very similar chart pattern and I did get long on 3/25 with the anticipation it would continue to form a pattern similar to TSLA. TSLA, however, gives me pause; Tesla exhibits a wild side that I tend to avoid especially in non-trending markets (like we have now) and at points in the chart where it would otherwise be considered aggressive.
We're being very careful here.
Owen
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