Tesla: Short term bounce? We look to Buy at 701.22 (stop at 660.02)
Short Term - We look to Buy at 701.22 (stop at 660.02)
We look to buy dips. We have a 78.6% Fibonacci pullback level of 539.49 from 1243.49 to 690.15. A higher correction is expected. Expect trading to remain mixed and volatile. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 809.77 and 910.20
Resistance: 900.00 / 1000.00 / 1240.00
Support: 700.00 / 600.00 / 540.00
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