The previous high of TSLA is $488, so if you enter in current price which is around $420, you will meet the resistance at $488, the room for profit is just $68. But when the support is at $367, the down side is $53 only, but the symmetric triangle takes a period from June to August to form which is 3 months and firm enough for supporting.
Some people said short term trading can get most benefits but some said long term. So investors can have an experiment f opening 2 accounts, one for short term and another for long term. But if you only have limited capital, you can use the short term for real trading, and long term for mock trading which just mark down with a pen where you had purchased and take profit. But you cannot do the other way round.
The is not feasible if you use the long term account for real trading but short term account just for mock trading. For in mock trading of short term you can earn a lot, but when you go to real trading you would lose a lot. For short erm has a lot of fluctuations and not every one can bear even if there is a winning formula.
That is if you aim is in 10 years according to the pay and performance scheme of Elon Musk, you can buy TSLA at any price. For when covering a period of 10 years, those daily fluctuations are nothing at all. But if you think $488 or $500 seemed to be resistance, or afraid of selling on good news when rate cut comes, better try to buy at lower levels showed yesterday. Another method is to use your monthly income to buy gradually every month no matter what price is, just fix a day say 1st of every month. When you keep on buying for 10 years, you can get a surprising reward.