Trading analysis on Tesla Motor

PAXFOREX: The price is below the moving average MA 200 and 20 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level.

If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position: 313.50
• Take Profit Level: 320.00 (650 pips)

If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position: 310.50
• Take Profit Level: 309.00 (150 pips)

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