Looks like TSLA is about to rally and head towards $255 next...the daily trend which was down is now reversing to the upside once again, so it is a low risk idea to go long today if price holds up and doesn't go back below yesterday's close. Best of luck!
Cheers,
Ivan Labrie.
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So far, so good... I got some options positions going into the weekend here, for next Friday, we have deliveries news coming.
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Luckily I managed to exit my positions in profit, this drop started with yesterday triggering a daily down trend signal, reversing the current advance, and now we see a big drop pre market since price cuts, drop in free cash flow and margins were used as ammo by the bears to take the stock down (myopically perhaps as long term squeezing the competition in a price war is rather easy for NASDAQ:TSLA).
This will take a while to settle and form a new buy signal, so I will stay away for now. Was on the sidelines for weeks already. A few more weeks or months won't be an issue.