TSLA rides in a controlled buy channel with 190 level convergence of sell channel
- Good showing by TSLA to remain in controlled buy channel
- Closed on Thursday right at the Fib 76.8 retrace level of 177
- Break 177 and very likely a full retrace back to 183
- Will also mean closing the remaining gap of 180
- Note that 190 is the confluence level of both the controlled buy and sell channels
- Any pullbacks from 190 likely to re-test 177 (by then MA50 and MA5 also coming up)
- Closed on Thursday right at the Fib 76.8 retrace level of 177
- Break 177 and very likely a full retrace back to 183
- Will also mean closing the remaining gap of 180
- Note that 190 is the confluence level of both the controlled buy and sell channels
- Any pullbacks from 190 likely to re-test 177 (by then MA50 and MA5 also coming up)
My Watches/Plays
- Sold puts strikes 110/120/135/140 doing well
- Looking to sell short calls when 190 is reached or if 183 struggles
- Will see how it plays out at 190
- Any pullbacks now will re-test 163
- Note that breaking below 163 means bear flag plays out and it goes to 145!
- Sold puts strikes 110/120/135/140 doing well
- Looking to sell short calls when 190 is reached or if 183 struggles
- Will see how it plays out at 190
- Any pullbacks now will re-test 163
- Note that breaking below 163 means bear flag plays out and it goes to 145!
Good luck, all!
Exciting!
Exciting!
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Golden Lizzie : Does it mean resistance at 190?
Asphen OP Golden Lizzie : it will be a key one for me to note and observe how it handles that, yes.