Unveiling a High-Yield Strategy for Trading Tesla Stock
Highly Profitable Tesla Stock Strategy
While Tesla's (NASDAQ: TSLA) stock performance in 2024 may not have met expectations for investors, zooming out reveals a potential bright spot: a strategy that has delivered an impressive 117% return over the last two years just presented an entry signal.
Trading Strategy Overview
- This method involves initiating a short position based on a bearish MACD cross and closing it upon an upward MACD cross.
- The strategy boasts a remarkable 71% win rate and an average return per position of 6.82%.
Follow predefined entry and exit conditions for successful implementation of this strategy.
Current Stock Performance
As of April 17, 2024, Tesla stock price stands at $155.45, with recent declines of 1.06% in the latest session and 9.90% over the past five days. Since strategy implementation, the stock has dropped by 53.60%.
Risks and Considerations
While offering significant returns, it's essential to note Tesla shares have fallen 37% since the start of 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.