I believe Tesla is bullish in the SHORT TERM; it broke many resistance lines this week, and momentum is trending up , especially with the Musk aborting twitter deal.
A good strategy, assuming No new negative Macro-econ news over the weekend, i expect itto break over $800 per the elliot wave, possibly this monday, if no gap down pre market.
Taking a weekly $800 call expiration july 23 could be a great and profitable strategy. Long Term Tesla is still Bearish and showing a Bear Flag on the daily chart, it would need to hold above $860 to show evidence of a true bullish reversal. Also with earnings scheduled on july 22, expect a lot of volatility.
I am not a financial advisor, and these are just my personal ideas.
A good strategy, assuming No new negative Macro-econ news over the weekend, i expect itto break over $800 per the elliot wave, possibly this monday, if no gap down pre market.
Taking a weekly $800 call expiration july 23 could be a great and profitable strategy. Long Term Tesla is still Bearish and showing a Bear Flag on the daily chart, it would need to hold above $860 to show evidence of a true bullish reversal. Also with earnings scheduled on july 22, expect a lot of volatility.
I am not a financial advisor, and these are just my personal ideas.
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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.