TSLL - a leveraged TSLA ETF sitting on dynamic support LONGTSLL moves more than TSLA as it is leveraged. TSLA is volatile for a large cap and
TSLL is TSLA high octane verison. TSLL on the anchored VWAP bands has bescended
into the undervalued and oversold zone supported by teh thin red line the second
standard deviation below VWAP. It hit a pivot high in early July hitting the thin red
UPPER VWAP line about the, I analyze a reversal is coming with the final leg down
coinciding with the general market moves this week. Price is obviously below then
mean VWAP and the POC line. I think the rubber band effect and bargain buying will
propel it upward as may and short sellers liquidating their positions. I will take
a trade of a fiar amount of stock shares as well as entertain some call options.
If a trader is curious to my levels of interest leave a comment.
Vwapline
SBUX upcoming earnings opportunity LONGSBUX fell going into earnings in early May and continued down all of May then pivoting
into a slow climb on this 2H chart through the lower anchored VWAP bands until the present
where it is about to cross the mean VWAP lines as signaled by an engulfing green bar after a
Doji. The dual time frame RSI lines have both near the 50 levels with the lower in green
slightly above the higher in black. I see SBUX rising in the earning upcoming this week.
The target is the ascending trendline in black at about 104 for a quick 2.5% ROI in 2 days.
I will play this with some call options contracts striking 102 expiring August 11th. I will take
half of them off with a 50% unrealized profit and let the remainder run until 8/9 to avoid
acceleration of time decay.