There is a lot of drama at Tesla these days.
And there are dramatically divergent opinions about how much Tesla’s TSLA stock is worth. One technique that has helped The Arora Report over the years to consistently beat the market is to analyze various scenarios. In the case of Tesla, a scenario in which the stock is worth $1,000 is as plausible as a scenario in which Tesla is worth $60.
For those interested in making money by trading Tesla while controlling for risk, understanding price zones is important. Let’s explore with the help of a chart.
Please click here for an annotated chart of Tesla. Please note the following:
• The chart shows that Tesla stock can trade in a very wide range in a very short time. This provides opportunities to make a lot of money in a very short time. It is extremely important to control for risk.
• When the price is above a line shown on the chart, the line is the support. When the price is below a line, the line acts as a resistance.
• The support/resistance lines shown on the chart are the traditional ways to enter a trade and control risk. For example, the stock may be bought when it approaches a support level with a stop just below the support line. This technique is widely practiced and widely taught.
• The problem with this traditional approach is that, these days, not only does it often not work, it generates losses more often than it generates profits. Unfortunately, those who do not vigorously test and observe continue to practice this technique, and gurus continue to teach this technique.
To learn more, please click here to see the Technical Analysis Screen of The ZYX Change Method.
• The reason this technique, which used to work but no longer does consistently, is the emergence of smarter players armed with algorithms. The smarter players can easily guess this typical behavior on the part of traders. They front-run this behavior often using algorithms with names such as “hunt and destroy.”…Read more at MarketWatch.
A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.