Tesla Trading Analysis (25/01/2024)

Bears tested the support level at 206.20. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state. The downward wave structure is truncated.



Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the descending truncated structure.

Stop-Loss at 206.20.

Target price levels at 217.70 and 246.00.

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