TSLA and Elon Musk disappoint with 10/10 Robotaxi event? I was personally a fan of the event, but this morning we saw price break bullish support and possibly start a bearish trend. I've expanded 181.00 zone up to 182.00 to capture the bottom of the previous bear trend that started from the Jul23 earnings report. My next look is for price to range between the 216.75 - 232.00 levels up to the next earnings release on Oct23. Levels were expanded from previous analysis and posts, linked below.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Could we see a possible bounce off this trendline?
Daily:
Note
TSLA ranging between 221.75 - 223.75, I am personally looking for a breakout or breakdown from here.
1H:
Trade active
Earnings release tomorrow, looking at a drop below one of my zones.
1H:
Trade closed: target reached
I created a strangle to capture the volatility around earnings, and it ended up reaching the topside of my bullish zone, and then rallying again after Trump was elected.
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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.