After confirming the $122 Support Rejection going into the end of the week/year for TSLA, we expected to at least re-test the $106-$108 Support Levels and found confirmation on the 1-Hr Timeframe.
With additional bull analysts starting to kick in, we believe it will take a little longer before the stock actually goes lower. Of course, we're monitoring and will wait for confirmation above the $122s again before closing or determining if we're creating a channel sideways between the $106s-$122s for a while until moving higher/lower.
(Didn't press send on this earlier around 12 CST)
With additional bull analysts starting to kick in, we believe it will take a little longer before the stock actually goes lower. Of course, we're monitoring and will wait for confirmation above the $122s again before closing or determining if we're creating a channel sideways between the $106s-$122s for a while until moving higher/lower.
(Didn't press send on this earlier around 12 CST)
Nota
Following the new Blue Line Trends (Right-Side Chart) very carefully and will let that weigh on my decision of holding yesterday's call on the stock.
Nota
Intraday from a lower time frame. Resistance > Support Conversion at $112s while looking to breakout above $113.85 or so
Watch that support line though to determine if I continue holding my Calls throughout the rest of the week
Nota
How we're currently reacting to these levels nowNota
Potential triple top rejection here unless it can break out. if it does, we're reversing to potential PUTS
Dagangan ditutup: hentian tercapai
Options closed on STOPs due to the continued rejection.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.