Well well well... Im sure I cant be the only one who has been loading up on puts since the last spike to the 630s...
I have been bearish on TSLA for awhile now and I personally think this was its last straw... it lost all of its support levels except for this march 2020 trend line that it bounced off of before.
Now yes, it could hold the trend line again and bounce back to above 600s but it is very unlikely at this point...
PT1: 547.82
PT2: 497.99
PT3: 465.90
Overall, for the next two weeks I think we see ~500 daily demand zone where I expect bounce then another leg down to ~465
Linear Regression Outlook:
Just my thoughts, Happy Trading!
I have been bearish on TSLA for awhile now and I personally think this was its last straw... it lost all of its support levels except for this march 2020 trend line that it bounced off of before.
Now yes, it could hold the trend line again and bounce back to above 600s but it is very unlikely at this point...
PT1: 547.82
PT2: 497.99
PT3: 465.90
Overall, for the next two weeks I think we see ~500 daily demand zone where I expect bounce then another leg down to ~465
Linear Regression Outlook:
Just my thoughts, Happy Trading!
