Trade idea # 6: Tesla and Amazon offering early entries

Written By Venu .

September 11, 2024: Tesla (TSLA) and Amazon (AMZN) are offering early entries for a starter position buy for the next big move. Slowly increase the position size rather than going all in. We are still waiting for the market to confirm bullish reversal, and if it happens, these two might be the next leaders of the move. One can use 21-day or 10-week moving averages as stop-loss prices.

Attempting to breakout after a short consolidation (daily chart)

Same with Tesla (daily chart). On the left, there was a significant reversal bar about four trading days ago—something to be cautious about.

Venu .
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