TSLA Testing Key Support! Is a Rebound Coming or More Downside?
Technical Analysis for February 27, 2025:
1. Current Price Action:
* TSLA has been in a sharp downtrend, currently hovering near $286 after breaking critical support levels.
* The price is consolidating at a high-volume node (POC: $290), suggesting a possible reaction.
* A falling wedge pattern is forming, which could signal a potential reversal if TSLA breaks out.
2. Key Levels to Watch:
* Support: $280, $249.89 (Major long-term support).
* Resistance: $290-$297 (POC - Major volume area), $315 (Gap fill and key resistance).
* Upside Targets: $315, $346.95, $367.30 (Potential breakout zones).
3. Indicators Analysis:
* MACD: Deep in the negative, but a possible crossover could hint at reversal momentum.
* Stoch RSI: Oversold, indicating the potential for a bounce.
* Volume Profile: Heavy resistance at $290-$297; breaking this level could push TSLA toward $315+.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $315, $350, $367 → Resistance areas; gamma squeeze potential above $315.
* Put Walls: $280, $249.89 → Key downside risk zones.
2. IV & Sentiment:
* IVR: 67.8 (elevated)
* IVx Avg: 74.2 (moderate) → Still favoring option sellers.
* Call Positioning: 30.1% bullish sentiment.
* GEX Sentiment: Strong negative bias; put-heavy positioning favors a controlled downside move unless $290 is reclaimed.
3. Trading Suggestions:
* Bullish Setup: If TSLA reclaims $290-$297, consider long positions targeting $315-$350, with a stop at $285.
* Bearish Setup: If TSLA fails at $290, short opportunities with targets at $280-$249, stop at $300.
* Options Play: Selling put spreads at $280 support or call spreads near $350 resistance.
📌 My Thoughts & Suggestion:
* TSLA is at a make-or-break zone at $286-$290; holding here could set up for a strong bounce.
* If downside momentum continues, $280 and $250 are key support zones.
* Wait for confirmation before jumping in aggressively, as IV remains elevated.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
1. Current Price Action:
* TSLA has been in a sharp downtrend, currently hovering near $286 after breaking critical support levels.
* The price is consolidating at a high-volume node (POC: $290), suggesting a possible reaction.
* A falling wedge pattern is forming, which could signal a potential reversal if TSLA breaks out.
2. Key Levels to Watch:
* Support: $280, $249.89 (Major long-term support).
* Resistance: $290-$297 (POC - Major volume area), $315 (Gap fill and key resistance).
* Upside Targets: $315, $346.95, $367.30 (Potential breakout zones).
3. Indicators Analysis:
* MACD: Deep in the negative, but a possible crossover could hint at reversal momentum.
* Stoch RSI: Oversold, indicating the potential for a bounce.
* Volume Profile: Heavy resistance at $290-$297; breaking this level could push TSLA toward $315+.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $315, $350, $367 → Resistance areas; gamma squeeze potential above $315.
* Put Walls: $280, $249.89 → Key downside risk zones.
2. IV & Sentiment:
* IVR: 67.8 (elevated)
* IVx Avg: 74.2 (moderate) → Still favoring option sellers.
* Call Positioning: 30.1% bullish sentiment.
* GEX Sentiment: Strong negative bias; put-heavy positioning favors a controlled downside move unless $290 is reclaimed.
3. Trading Suggestions:
* Bullish Setup: If TSLA reclaims $290-$297, consider long positions targeting $315-$350, with a stop at $285.
* Bearish Setup: If TSLA fails at $290, short opportunities with targets at $280-$249, stop at $300.
* Options Play: Selling put spreads at $280 support or call spreads near $350 resistance.
📌 My Thoughts & Suggestion:
* TSLA is at a make-or-break zone at $286-$290; holding here could set up for a strong bounce.
* If downside momentum continues, $280 and $250 are key support zones.
* Wait for confirmation before jumping in aggressively, as IV remains elevated.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.