Power Plays Update: TSLA
By Scott Redler
Tesla (TSLA) is selling off on a downgrade, and the stock broke into our $183 to $186 danger zone outlined in the original alert.
Hopefully, you got out when that happened.
For Power Plays, I'm going to use my traditional strategy when a name gaps against me.
I'll use the low of the opening 30 minutes as the new support pivot.
If Tesla breaks into the $178.66 to $180.66 range, I will look to exit from Power Plays.
And if it holds up above that range, I will reassess it later to determine the best next steps.
Stay tuned for more updates.
Scott Redler Positions Disclosure as of 2023-03-08 at 8.08.09 AM