TSLA 6 month trend channel

Just a good ole 6 month trend channel for Tesla. I sold shares at $494.12 & $519.93, womp womp, so I'm all out share wise for now. But I am starting to scope out an entry for an options play. No decisive plan as of yet. But it sure looks like 450 is major support and 620 is serious resistance now. Those would be like 99% probability options trades going forward. Even though I'm a Tesla bull at heart and love what the company is doing, it sure seems stretched out high in price now. Since it's really trading at $3k in my mind pre split and now such a big move since S&P inclusion, I'm just going to keep paying attention to price action, indicators and news, till I make a move. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com/u/growerik/

Comment:

Just awesome:

Comment:

TSLA $5,000,000,000 stock offering based on Monday’s stock closing price of $641.76 would represent about 7.79 million shares, or about 0.8% of the shares outstanding.Telsa said it entered into an equity distribution agreement with a number of Wall Street banks, including Goldman Sachs, Citigroup, Barclays, BNP, BofA Securities, Credit Suisse, Deutsche Bank, Morgan Stanley, SG Americas and Wells Fargo.

Comment:

Today was epic for puts