Trading (TSLA) With Integrated Risk Controls
February 28, 2024, 15:04 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TSLA
- Buy TSLA slightly over 194.35 target 236.51 stop loss @ 193.79 Details
The technical summary data tells us to buy TSLA near 194.35 with an upside target of 236.51. This data also tells us to set a stop loss @ 193.79 to protect against excessive loss in case the stock begins to move against the trade. 194.35 is the first level of support below 202.285 , and by rule, any test of support is a buy signal. In this case, support 194.35 would be being tested, so a buy signal would exist.
- Short TSLA slightly under 236.51, target 194.35, stop loss @ 237.19 Details
The technical summary data is suggesting a short of TSLA as it gets near 236.51 with a downside target of 194.35. We should have a stop loss in place at 237.19though. 236.51 is the first level of resistance above 202.285, and by rule, any test of resistance is a short signal. In this case, if resistance 236.51 is being tested, so a short signal would exist.
Swing Trading Plans for TSLA
- Buy TSLA slightly over 204.5, target 236.51, Stop Loss @ 203.91 Details
If 204.5 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 204.5, with an upside target of 236.51. The data also tells us to set a stop loss @ 203.91 in case the stock turns against the trade. 204.5 is the first level of resistance above 202.285, and by rule, any break above resistance is a buy signal. In this case, 204.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TSLA slightly near 204.5, target 194.54, Stop Loss @ 205.09. Details
The technical summary data is suggesting a short of TSLA if it tests 204.5 with a downside target of 194.54. We should have a stop loss in place at 205.09 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 204.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TSLA
- Buy TSLA slightly over 203.36, target 204.5, Stop Loss @ 202.89 Details
If 203.36 begins to break higher, the technical summary data tells us to buy TSLA just slightly over 203.36, with an upside target of 204.5. The data also tells us to set a stop loss @ 202.89 in case the stock turns against the trade. 203.36 is the first level of resistance above 202.285, and by rule, any break above resistance is a buy signal. In this case, 203.36, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TSLA slightly near 203.36, target 198.23, Stop Loss @ 203.83. Details
The technical summary data is suggesting a short of TSLA if it tests 203.36 with a downside target of 198.23. We should have a stop loss in place at 203.83 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 203.36, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Tesla Inc. (TSLA) available here: TSLA.
TSLA Ratings for February 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
194.35 |
| P2 |
198.23 |
194.54 |
236.51 |
| P3 |
203.36 |
204.5 |
279.98 |
AI Generated Signals for TSLA
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TSLA:
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