Tesla Buy-the-Dip Trade Setup Amid Volatility

2 months ago

Josh

"Tesla has rolled off the cliff. I predicted yesterday that it was going to be coming down to a bare minimum of 416, and if it didn't bounce there, that the next level of support that it would hit is 400. If a daily candle closes beneath 390, then we can be assured that we're going down lower to 360 and that this down party is only just begun. But if 390 holds and bounces and we finish the week with one more day back above 400, I believe we will see a bounce up to 440. This is a great opportunity to buy the dip, as Tesla remains in a healthy bullish uptrend despite today's volatility."

The speaker outlines a clear trade setup for Tesla, with specific support levels at 416, 400, and 390, and a rebound target of 440 if conditions hold. He emphasizes buying the dip amid current volatility and notes that a break below 390 could signal further downside, highlighting a short-term trade opportunity.

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