TSLA primed for bullish continuation
Updated
TSLA has been kicking ass this year! But still looking like TSLA is ready for more.
Ascending triangle formed on the daily with increase in volume at current price. Long entry at 660.20 looking for a 2:1 R:R with stop below the 1h range.
Also, taking advantage of short vertical put w/ 590/585 strikes (right below 1hr range) while waiting for this trade.
Ascending triangle formed on the daily with increase in volume at current price. Long entry at 660.20 looking for a 2:1 R:R with stop below the 1h range.
Also, taking advantage of short vertical put w/ 590/585 strikes (right below 1hr range) while waiting for this trade.
Trade active
Target for stock on this trade is still ways away but almost to halfway point and stops can move to BE. As for the short vertical put, it expires 1/8. At this time there is a high probability that it'll expire worthless which means that the trade will be at max profit +217 per contract (not including fees).
Trade closed: target reached
Target for stock trade reached +152 per shareShort Put Vertical also expired out of the money +217 per contract
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