Short Term Analysis
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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