We've been watching TSLA for the past few weeks waiting for confirmation of not only the compression zone breakout, but also support being found above that compression + above the $197 Price Levels.
We were able to acquire our Calls around the $199 pullback right before it confirmed support above $197 with the expectation to sell out if TSLA loss that same support and fell back below those levels risking going back to the longer downward trend that it's been trading in since the second pullback from it's most recent breakout.
We have a 2nd Level downtrend to breakthrough but even going from $199 to $220 on a longer-term call option play but we first have to break above $206.93.
If we see resistance there, we will consider closing to conserve the funds for another opportunity.
Follow for more! Check out our signature for links to stay connected!
We were able to acquire our Calls around the $199 pullback right before it confirmed support above $197 with the expectation to sell out if TSLA loss that same support and fell back below those levels risking going back to the longer downward trend that it's been trading in since the second pullback from it's most recent breakout.
We have a 2nd Level downtrend to breakthrough but even going from $199 to $220 on a longer-term call option play but we first have to break above $206.93.
If we see resistance there, we will consider closing to conserve the funds for another opportunity.
Follow for more! Check out our signature for links to stay connected!
Comment:
TSLA is currently at a point of testing the most recent high or highest resistance rather around the $214s. Looking to see if it can carry the momentum to break, tap the $220s and push forward back to the $233 levels to test that Top Downward Trend of Resistance as I have identified in my updated analysis.
TSLA is currently at a point of testing the most recent high or highest resistance rather around the $214s. Looking to see if it can carry the momentum to break, tap the $220s and push forward back to the $233 levels to test that Top Downward Trend of Resistance as I have identified in my updated analysis.
Tim Burks | Founder - MyMI Wallet
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www.mymiwallet.com
Empower your finances with our Personal Budgeting and Investment Forecasting Tools. Unlock your investment potential today at MyMI Wallet.
www.mymiwallet.com
TSLA broke up and over that $206 that we had hoped for. Now we're looking for the push back to the $220s. Up around 40% on this call (rough estimate) but looking NICE! See if she holds on the momentum!
Stay tuned for updates! Links in the Bio!