Comments on: TSLA Swing Trade Idea 1-11-24

By: Imadaytr8r

Imadaytr8r — Sat, 13 Jan 2024 06:14:28 +0000

In reply to rsotc. Sooooooo, NQ is code name for Tesla? Ahhhh, now I understand why the floor (or battery fell out of the floor) of Tesla! … everything ok Randy?

By: devnat

devnat — Fri, 12 Jan 2024 20:10:38 +0000

i took this trade yesterday and stopped out at 218 in the morning

By: B-Right

B-Right — Fri, 12 Jan 2024 14:24:03 +0000

@rsotc: Took this trade yesterday and it looks its still going south. Looks like the divergence is taken out but is in the oversold area on the hourly. Do you suggest taking loss or is there still a decent chance of a bounce Randy?

By: rsotc

rsotc — Thu, 11 Jan 2024 19:12:13 +0000

In reply to rsotc. /NQ bounce target off the 16756 support hit (always sell just shy of resistance) objective reversal back to short. Previous & updated 60m charts below.

By: rsotc

rsotc — Thu, 11 Jan 2024 18:32:45 +0000

Although lower than the bounce target posted on the 60-min chart earlier today, this is the first resistance level where the bounce long off today's low (/NQ & QQQ support) has a decent chance of stalling out with the dotted arrows showing my max. potential bounce targets Odds for a reaction here are decent & potentially the end of the bounce so active traders could either book the quick gains or raise stops to protect profits if holding out for the max. bounce target (or more). Updated 5m QQQ & 15m /NQ charts below. Treasuries & EUR/USD coiling in an intraday range so whichever direction they break is likely to be the direction the stock market goes. The TSLA (and/or AAPL*) long could also serve as an indirect hedge to any /NQ or QQQ shorts at this time. (*AAPL already hit T1 which was & still is my preferred target although I still can't rule out more upside to T2 just yet).