Sitting at a big pivot point for TSLA. Depending on which side of the triangle it breaks out from could make big swing up or could flush down; No matter which direction breaks, good play. BOUGHT PUTS
$Tesla (TSLA.US)$ Breaking 225 and clearing 226 will result in a big move upward. Support level is at 220 but their is a fibb level at 218.75 that also would need to be broken for a strong downside move. If can break the 218 fibb level, good chance it will retest the 208/209 low from Friday again.
As much bullish potential I see here, with the unfilled gap below, my gut is telling me another test to lower support line or breakout downward out of triangle. With premiums low for puts, I opened a put position but will close them if it breaks out from upper resistance line around 225/226 and will add CALLS.
Will be paying close attention to see if it breaks or bounces the lower support. If the lower support is broken and it cleanly breaks the 218,75 fibb level, i will be quickly adding to my put position.
NFA …. MF
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JonSnow : Looks like $Tesla (TSLA.US)$ goes up 12,5 percent in the next 55 to 57 days.
RIPPER OP JonSnow : ????
This info only useful for other daytraders
Bellaah : 250
RIPPER OP : Getting close….
Nightwolf-moon : Most likely will come down fill the gap below
RIPPER OP Nightwolf-moon : Yea, I mentioned that was my gut feeling too….above 225 and it gets BULLISH FAST
Pretty sure most all of the market is being setup right now to sit right in the middle at a neutral point, awaiting the results of tomorrow’s CPI data.
Nightwolf-moon RIPPER OP : Yeahhh. I see everything setting up for a big drop end of week, I might be wrong and shit can rocket , but I’m leaning more to the downside