WaisTrades

Tesla Back Testing H&S Break Out

NASDAQ:TSLA   Tesla, Inc
Hoping to see a bounce off this previous break out of the Head and Shoulder pattern. As long as we close above $700 this week, I think earnings on Monday will bring Tesla back above $800 level.

FUD spreading by the media of Tesla's autopilot killing 2 people in their vehicle, experience traders should see this as a buying opportunity. I have bought several more shares for my long term holding plus I still have my $660/$655 Friday Expiry Bull Put spread opened and its printing a nice profit. I did close out my next weeks spread for a loss as a precaution in case $700 support does not hold. I will reopen again once we show signs of a bounce off support.

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