Looks like I took a beating on my calls on tesla. What did I do wrong? I didn't do my due diligence on my research of the market this week. I went blind on my trade and solely focused on TSLA alone. Big FED meetings and announcement's about interest rates and tapering effected the market significantly. Im currently holding dec 23 1100 calls on tsla, im currently...
Currently holding Calls on AMD with December expirations. Im basing my charts off of pattern analysis while utilizing TTM squeeze to guide my entry and exit. My target is 150 from these lows as it follows pattern.
Wanted to give a follow up on Tsla with my previous analysis. I originally suggested a slight pull back of or around 1030. I was wrong. Price pulled back all the way to 985. I have taken note that this isn't very serious as tesla is extremely volatile and will jump 20-50 points normally. In retrospect price indeed has pulled back and has built its self legs going...
Tesla is trading in pattern on the hourly timeframe. I suspect a healthy pullback in the coming days, bringing in buyers thus pushing the price to my target of at least 1090. I would grab December strike calls to hold through the weeks of December.