TSLA to face MA20 rejection around 173?
- Wonderful price action from TSLA
- Since MA5 crossed below MA20.....bearish trend indicator.....
- it has dropped to gap fill and now bounced off MA5 to possibly re-test MA20 which is sloping downwards and possibly resist at 173
- Since MA5 crossed below MA20.....bearish trend indicator.....
- it has dropped to gap fill and now bounced off MA5 to possibly re-test MA20 which is sloping downwards and possibly resist at 173
My plays
- Short calls sold when price was 190 is maturing well
- Long puts sold when recent gap fill is going well
- Will look to close some puts at MA20 and increase short calls too.
- Short calls sold when price was 190 is maturing well
- Long puts sold when recent gap fill is going well
- Will look to close some puts at MA20 and increase short calls too.
Really good price action to play TSLA.
Good luck, all.
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Silverbat : Looks very challenging and risky in next week, but not completely positive amid short covering
Asphen OP Silverbat : so I use MA20 as a guide. it is my guiding methodology all along.