Long

TSLA S&S + Potential Breakout

Updated

TSLA saw a dramatic increase following the implementation of its stock split Monday. This led to new highs, and especially a new resistance at the 500 level. However, new support was also found at the 460 and 470 levels, indicating a good buy zone. I've also charted a potential bull flag on this 15 min chart, suggesting a possible breakout. Battery Day is the 22nd, and after today's drop due to the offering of 5bn shares, long Sept/Oct calls look great.

Note

Glad I hopped out of my calls last night, a break of the bottom support led to lower lows, lots of sellers and not good volume today... looking for another entry soon!

Samirp01

Also on:

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.