Tesla Inc Is A Buy Because Of This Technical Level

Shares of Tesla Inc (TSLA) have fallen from nearly $1,000 to $350. This collapse is coming on the back of Covid-19 which is devistating the global economy. While panic is palpable, investors who have cash sitting on the sidelines may want to check out the Tesla chart. In fact, Tesla Inc is a buy based on a trend line support dating back to 2017, 2018 and 2019. This $350 level was the level it saw for years before finally breaking out. The thought process goes, former major resistance levels become major supports. While I would never recommend putting a lot of capital in Tesla during the global panic, a little bit of money now may turn into a lot in the future when things settle down.

A net gain of over 450% in 2020 is a reality for members of Verified Investing Alerts. For investors who are sick of losing money as the markets collapse due to the coronavirus, this is the key. Swing trading off technical levels allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks using key technical levels to multiple profits of 10% almost every day. With the action these days, members get multiple trades a day. See the VERIFIED track record HERE (scroll down on the page). Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Join today and profit for life!