TeslaLong
TSLA still strong- Bullish on monthly, overbought weekly & daily
TSLA still showing lot of buying, today may be a pullback and on 12/13 it may inch up again. If it breaks previous high, my hunch is that it will enter into next breakout.
It might trade above 400 next few days for the selling pressure to subside on daily and weekly charts. The euphoria for TSLA is still very high, so I consider this to be a pullback.
If you are a conservative trader, you can write 6 months put for 330-350$ range.
It might trade above 400 next few days for the selling pressure to subside on daily and weekly charts. The euphoria for TSLA is still very high, so I consider this to be a pullback.
If you are a conservative trader, you can write 6 months put for 330-350$ range.
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