$TSLA 241129 330.00P$  double top confirmed.  come on down

14450 : you smarter than warren buffett

DaisyDowner : thanks for the accumulation

Just23go OP : Not concerned about 3 months from now just for my trading timeframe. #Daytrader/Options

Space Dust Just23go OP : hey, I see this comment and don't understand what you mean by it as it relates to the op article. could you provide me with your rationale? I am generally trying to get what you mean.

Just23go OP Space Dust : As it relates to stocks, nothing goes straight up.  The charting pattern of a Double Top which looks like an M typically means the stock will pull back.  A double bottom which looks like a W means the stock will increase in price.  How far it pulls back or increases in price depends on the support.  The support level that TSLA has been respecting on this chart  is the 9EMA.  As such, when TSLA pulls back it will likely bounce off the 9EMA or the blue line on my chart before going higher.  I don't need or care what Tesla does long term but I know on a normal day Tsla can move in a range of $10 from day high to day low.  I expect a sell off at some point because 1.) Today is Friday people lock in profits and 2.) Tesla has outperformed the S&P 500 since news of Trump.  As stated before nothing goes up forever and with the confirmation of the double top and Friday I am confident before the 29th we will see TSLA below 230...If only for a minute but as an option that is all I need.