Tesla Motors Inc (NASDAQ:TSLA) is on the verge of a bounce. Smart investors can profit as much as $10.00+ in the next 24-48 hours or so if they buy at $210.85 - $210.00. The reason for the bounce is based on the stock being down for six days in a row, with today (the sixth day) being a doji. Doji candles are reversal signals and after being down six days in a row, Tesla is oversold. In addition, the chart hit the lower triangle range today, signaling solid support.

The reason why this is only a 24-48 hour bounce trade is two fold. First, the upper part of the triangle is only $10+ higher, meaning it will hit resistance quickly. Second, smart investors understand the markets will likely float higher into the holiday weekend but after may see some selling pressure.

This is a smart technical trade utilizing multiple factors to reach a high ratio of profit. Consider yourself alerted and enjoy the trade.

By Jenny Rebekka