Short Swing
We’re entering a short swing on Tesla as it has broken below the 20MA with a strong bearish candlestick. It also broke through my support level, turning it into a new resistance zone. My target is a small profit near the 50% Fibonacci retracement level. I will continue monitoring how the price reacts to the Fib levels and our resistance zone, as Tesla remains in a strong uptrend based on the 200MA.
Note
38.20% Fib my new Resistance zone Trade closed: stop reached
I locked in profit. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.