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Shared by
beno

 

TSLA

Feb 6, 2020 15:15


Tags:

Swing Backside Scalping SSR LIVE Intraday Backside First Test ETB Confluence-Whole$ Confluence-VWAP

Fundamentals

Its Tesla.... Lots of bears but still great revenue growth that was in-line with stock price until this parabolic move

Catalysts / News / Painting the picture

-TSLA earnings, reported good numbers, in line with what Elon was preaching
-Squeezed all shorts like crazy

Technical Analysis

-Short squeeze, up 200% in 3 months
-Levels: 400, 500, 700, 750
-Topped at 968.99

Original Plan / Strategy

First Test Long of 750 level with VWAP and whole dollar confluence, risk 148.5

Review

A+ setup even at these levels, down trend line from daily high was broken and I know people are shorting this like crazy. Took profits just in time before the rug pull, was risking 148.5.


Execution detail:

Date/time Symbol Side Price Position
2020-02-06 15:15:30 TSLA buy $750.510 long
2020-02-06 15:16:54 TSLA sell $753.700 0


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