TSLA SELL SHORT transitions to LONG When and Target Expectations

TSLA has been trading around the 200 day moving average for the past week. A break below the 200 day moving average will target only the gaps under 600. The next moving average after 200 day ma to consider for a possible institutional buy level is unknown and usually not common to consider especially if a company had a strong earnings quarter. More than 60% of the time during the first 3 months of the year, TSLA has moved with relative strength and momentum between Friday and Tuesday. The assumption is still valid and the price of TSLA may target the two cash session gaps at 627 and 665. Most likely the 627 has the greatest odd of touching before Wednesday. The subsequent gap at 665 may fill this week; however, if TSLA only fills the 627 , then we can expect the next gap to fill sometime last week or first week of June.

For the past few weeks, TOSOPTION algorithm for the daily is currently in SELL SHORT and expect the next long trigger to produce or introduce a short squeeze within 1 to 2 weeks anytime between Monday or Tuesday.