Trend reversal in the cards here, or at least a correction during a longer term sideways consolidation before rallying higher over time. Either way, the short term trend is now down after hitting the resistance level I outlined in my previous publication. As long as below $202, $TSLA is at risk of a selloff towards at least $117.96. I would suggest caution, and if you're long maybe consider selling OTM calls or simply cash out on the recent rally. There will be more opportunities to rejoin later on...
Best of luck!
Cheers,
Ivan Labrie.
Best of luck!
Cheers,
Ivan Labrie.
Trade closed: stop reached:
Looks like the short will be invalidated today...
Still not a clear long entry but if you bought earlier you could buy back if you sold, or exit call shorts if you sold calls (if they were OTM it's ok to wait)
