TSLA supported strongly by Bollinger Band! 266 remains the challenge!
- Supported well off Bollinger band at 243
- Price action continues to remain below MA5 yellow
- There is a confluence of MA5/MA50 meeting soon ==> TSLA must get above! MA5 going below MA50 is another confirmation of bearish
- Note that MA5 has crossed below MA20 some weeks ago ==> ALready shared in previous post what that means
- Note 240 remains key support, breaking below it does bring 209 to 190 back in play
- Price action continues to remain below MA5 yellow
- There is a confluence of MA5/MA50 meeting soon ==> TSLA must get above! MA5 going below MA50 is another confirmation of bearish
- Note that MA5 has crossed below MA20 some weeks ago ==> ALready shared in previous post what that means
- Note 240 remains key support, breaking below it does bring 209 to 190 back in play
My Watch/Plays
- Closed my puts Monday with the upper test
- Will sell puts again once MA5/MA50 direction gets clearer Tuesday/Wednesday or post CPI on Thursday
- Any dip tonight will go with strike 190 first to own (missed it marginally on Monday)
- Closed my puts Monday with the upper test
- Will sell puts again once MA5/MA50 direction gets clearer Tuesday/Wednesday or post CPI on Thursday
- Any dip tonight will go with strike 190 first to own (missed it marginally on Monday)
Good luck, all!
![TSLA supported strongly by Bollinger Band! 266 remains the challenge!](https://sgsnsimg.moomoo.com/feed_image/101629496/ca2e63804b3234fda7275e8a3fa856cc.jpg/bigmoo)
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