TSLA went to my last bullish price target and has retraced near a small volume shelf approaching the 618 retracement. $212.91. - Recently had earnings causing a 10% drop in stock price
💡 Trade Idea: 8/-16 $230 calls
Primary price target of **$248.95**
- `Based on Fib Retracement levels`
- `Massive Volume Shelf at 250`
Secondary price target of **$261.71 - 272.80**
- `Based on Fib Extension`
- `Volume shelf at 260`
I will have a stop loss at $219
or
wait until we are at the GZ @ $206.98 with a stop @ $202
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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.