don't usually try to catch knives but TSLA coming to bottom of rectangle of 600+ day range. gonna take a stab at long on that horizontal break (break of previous daily lows). it's been power dumping so much I think we at least get a relief bounce
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Think it has a bit more room to go but looking to tighten stops pretty tight once it approaches this 294-295 level. Lot of interaction with that level as shown by the arrows.
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If it breaks above that with strength and over the wedge trendline I expect it to move up to the 323ish handle
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stopped out in nice profit after moving stops but looking to re-enter long if it breaks this wedge and closes above