Source: PaxForex Premium Analytics Portal, Technical Insight

Tesla shareholders were advised to fire Elon Musk to avoid paying $55bn. Tesla investors are encouraged to vote for the dismissal of the company's executive director from the company's board of directors as dissatisfaction with the deal on his bonuses is accumulating, which could result in a record $55.8bn payout to the director.

Tesla, H4

Pivot: 1208.00

Analysis:

Provided that the asset is traded above 1181.10, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 1208.00
• Take Profit 1:  1216.15
• Take Profit 2: 1225.50

Alternative scenario: 

In case of breakdown of the level 1181.10 follow the recommendations below:

• The timeframe: H4
• Recommendation: short position
• Entry point: 1181.10
• Take Profit 1: 1137.00
• Take Profit 2: 1077.50

Comment:

RSI shows an uptrend.

Key levels:

Tesla, D1

Pivot: 1075.30

Analysis:

While the asset is traded above 875.00, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 1075.30
• Take Profit 1: 1240.00
• Take Profit 2: 1340.00

Alternative scenario:

If the level 875.00 is broken-down, follow the recommendations below.

• Time frame: D1
• Recommendation: short position
• Entry point: 875.00
• Take Profit 1: 764.00
• Take Profit 2: 675.00

Comment:

RSI shows an uptrend.

Key levels:

We also advise you to pay attention to Apple for intra-day trading:

Pivot: 366.51

Analysis:

While the asset is traded above 362.40, follow the recommendations below:

• Time frame: H4
• Recommendation: long position
• Entry point: 366.51
• Take Profit 1: 373.00
• Take Profit 2: 375.80

Alternative scenario:

If the level 362.40 is broken-down, follow the recommendations below.

• Time frame: H4
• Recommendation: short position
• Entry point: 362.40
• Take Profit 1: 357.80
• Take Profit 2: 354.80