TSLA Long
TSLA currently priced @ 389.79 ... with a target of 400 and an extended target of 410-420
TSLA chart currently shows a breakout above the upper trend-line...
- the move to the upside will target 400 as a psych level with heavy liquidity being at 410 and 420 due to current open interest levels on call options.
- a move back to the downside will be considered a buy the dip opportunity or re-test of Friday and todays price action
- the opening price on Friday's candle and the low of today's candle will serve as support levels at 377.42 and 378 respectively
- holding 390 and breaking above the slight resistance at 397 opens up 400 and higher (This will rage!!)
Indicators like MACD & RSI are trending upwards and looking bullish
9-day EMA and 50-day EMA are both trending upwards and the 9-day EMA is trending upward and away from the 50 which is bullish.
Call options that are interesting:
-TSLA 400 Call 12/13
-Volume: 144,881 (contracts traded)
-Open Interest: 37,205 (open positions and liquidity)
-Volume to Open Interest ratio ~ 3:1
-Open Interest for tomorrow has to open up around 75k plus. Why? As an investor or trader, you are looking to see people hold their investment position as a sign of trend confirmation and continuation
-TSLA 410 Call 12/13
-Volume: 43,965
-Open Interest: 4,923
-Volume to Open Interest ratio ~ 9:1
-Open Interest for tomorrow has to open up around 25k
-TSLA 420 Call 12/13
-Volume: 57,432
-Open Interest: 37,598
-Volume to Open Interest ratio ~ 1.5:1
-Open Interest has to open up around - 45k
TSLA chart currently shows a breakout above the upper trend-line...
- the move to the upside will target 400 as a psych level with heavy liquidity being at 410 and 420 due to current open interest levels on call options.
- a move back to the downside will be considered a buy the dip opportunity or re-test of Friday and todays price action
- the opening price on Friday's candle and the low of today's candle will serve as support levels at 377.42 and 378 respectively
- holding 390 and breaking above the slight resistance at 397 opens up 400 and higher (This will rage!!)
Indicators like MACD & RSI are trending upwards and looking bullish
9-day EMA and 50-day EMA are both trending upwards and the 9-day EMA is trending upward and away from the 50 which is bullish.
Call options that are interesting:
-TSLA 400 Call 12/13
-Volume: 144,881 (contracts traded)
-Open Interest: 37,205 (open positions and liquidity)
-Volume to Open Interest ratio ~ 3:1
-Open Interest for tomorrow has to open up around 75k plus. Why? As an investor or trader, you are looking to see people hold their investment position as a sign of trend confirmation and continuation
-TSLA 410 Call 12/13
-Volume: 43,965
-Open Interest: 4,923
-Volume to Open Interest ratio ~ 9:1
-Open Interest for tomorrow has to open up around 25k
-TSLA 420 Call 12/13
-Volume: 57,432
-Open Interest: 37,598
-Volume to Open Interest ratio ~ 1.5:1
-Open Interest has to open up around - 45k
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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.