TSLA PT 04/2021Many bullish indicators for TSLA, falling megaphone retest, inverse h&s throughout the last month, Wave 1 impulse post-correction, currently riding Wave 3 which is set to take off during this April melt-up. We just finished our Wave C corrective pattern & are back on the bull for TSLA.
Betting on 700 next week.
Tslacall
TSLA - short scalp opportunityTesla usually sees late day profit taking and stop loss scalping. Usually occurs mid-late afternoon, and if sentiment is overwhelmingly positive, the MM's will typically do a late day spring that will rocket the stock into tomorrow. This trade idea is a short term scalp.
The $830 put option exp 1/8 has a time value of only $3-4/ea. Retracement to the high $790s would yield a $8-12/contract return.