Tesla Inc. TSLA opens its factory in Nevada. Tesla employees at the plant east of Reno are given workdays, and those who do not want to return to work under the circumstances will be given unpaid leave, which will deprive them of their right to unemployment benefits. Nevada has allowed some businesses to reopen if they take protective measures. On Monday, Tesla opened its car plant in Fremont, California, contrary to local regulations, and the company's CEO, Elon Mask, was a clear opponent of quarantine designed to slow the spread of a deadly coronavirus pandemic.
Tesla, H4
Pivot: 810.00
Analysis:
Provided that the asset is traded above 678.10, follow the recommendations below:
Time frame: H4
Recommendation: long position
Entry point: 810.00
Take Profit 1: 840.80
Take Profit 2: 868.80
Alternative scenario:
In case of breakdown of the level 678.10, follow the recommendations below:
The timeframe: H4
Recommendation: short position
Entry point: 678.10
Take Profit 1: 606.40
Take Profit 2: 573.10
Comment:
Short-term consolidation is not excluded.
Key levels:
Resistance
Support
878.96
678.10
868.80
606.40
840.80
573.10
Tesla, D1
Pivot: 819.42
Analysis:
While the asset is traded above 696.00, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 819.42
Take Profit 1: 969.00
Take Profit 2: 1042.00
Alternative scenario:
If the level 696.00 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 696.00
Take Profit 1: 578.00
Take Profit 2: 509.00
Comment:
RSI above 50. MACD is above its signal line and positive. The configuration is positive. Besides, the stock is above its 20 and 50-day moving average (by 747.44 and 630.33 respectively).
Key levels:
Resistance
Support
1187.00
696.00
1115.00
578.00
1042.00
509.00
We also advise you to pay attention to Facebook for intra-day trading:
Pivot: 212.53
Analysis:
While the asset is traded below 216.20, follow the recommendations below:
Time frame: H4
Recommendation: short position
Entry point: 212.53
Take Profit 1: 207.40
Take Profit 2: 205.00
Alternative scenario:
If the level 216.20 is broken-out, follow the recommendations below.
Time frame: H4
Recommendation: long position
Entry point: 216.20
Take Profit 1: 220.20
Take Profit 2: 222.60
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