Whats up squad.
If you saw my previous TSLA post you know I said TSLA could possibly break the strong 290-300 support level. Well, it did. Now it will most likely fall dramatically. Watch for old support levels at 270 and 250 although they are weak. If TSLA breaks below the 250 mark then the next bottom I see is 175. This drops catalyst is extreme debt and low demand for new products. Many believe they will go bankrupt in the next 6 months. While this is extreme, I would consider buying puts.
-Stay savvy
If you saw my previous TSLA post you know I said TSLA could possibly break the strong 290-300 support level. Well, it did. Now it will most likely fall dramatically. Watch for old support levels at 270 and 250 although they are weak. If TSLA breaks below the 250 mark then the next bottom I see is 175. This drops catalyst is extreme debt and low demand for new products. Many believe they will go bankrupt in the next 6 months. While this is extreme, I would consider buying puts.
-Stay savvy