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Veberloan
Feb 7, 2024 3:47 AM

TSLA bull flag buy opportunity Long

Tesla, Inc.NASDAQ

Description

I avoid TSLA when it lost 200 ma
Its still under 200 ma but it looks like TSLA find the bottom 175-177 for next couple weeks or so(If market will be strong and Elon will not post any stupid things in X as he likes)
I have to 2 trade ideas in TSLA right now
1. Long-term. I bought some call options for 2026. I will buy more options and stocks s as I like company but right now its kind of risky. We are in all time highs and this week a lot of FED speakers. I will wait for more quiet time.
2. Scalp. I will see how we open tomorrow.
- I will use premarket high as a buy point. If we broke and stay(5m.)I will buy some calls exp. this week.
- Bull flag(5m.,1H.,)
- Relative strenght, stronger than SPX today
- Only day trade here for now and 1 long-term option. We are under 200 ma so I dont feel comfortable to buy a lot.

Trade active

Tesla is super impressive,
Possible it was a bottom for 2024,
I dont want to close here, I still believe company is super and HODL my long-term calls
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