After I look closer at TSLA, it’s hard be bearish on this chart. It’s at apex of where long term “major support line meets major resistance” which normally results in a bullish move. 7 inside bars
$Tesla (TSLA.US)$Keep in mind, in this environment im not necessarily bullish on TSLA either……YET! With the above said in topic, the direction of TSLA is still a coin toss and likely will be driven by the overall market OR news. I am anticipating an absolute explosive move that will likely shock everyone.
Like ive been saying, when TSLA moves out of this range, the next move will be a BIG one…….an easy (+) or (-) 5% or more day. Im guessing tomorrow or Thursday at the latest it will make the big move. I play the trend, so whichever direction it breaks out, I will play.
BULLISH = a break above the 234-236 range and 245 is in reach.
BEARISH = a break below 220-222 range and 200 is in reach (possibly lower in time)
Although this looks real bullish, the only thing that matters is the volume it receives and how its plays out. Sometimes when TSLA looks so bullish, it plays out the complete opposite direction. The overall market might be in charge of the direction but yet, a lot of times TSLA makes big moves inverse direction of the rest of market.
Either way, be ready to jump on this trade one of the best ones I see (for a number of other reasons not mentioned here) Who knows…..300? 350? 450?!? it legit, looks possible.
Unfortunately i have jury duty tomorrow……on FOMC day😡. Might be a blessing in disguise.
Silverbat : Was a great Puts squeeze at open; mystically, the expiry Put 230 still down -15% at close.
BondBonds : Need break 235, then green light to sky
️ at this time consolidate however looks bullish
RIPPER OP : Tsla is the ticker you want to play no matter the outcome today……
Again, like I said, whether up or down, she is as consolidated as can be and ready for a gigantic move.