OptionsPortal

Tesla to $420

OptionsPortal Updated   
NASDAQ:TSLA   Tesla
Not kidding
I hate it but I believe 420-600 is happening this year
Straight up after
Comment:
I am bullish on TSLA so will not be shorting/purchasing puts
Some of current long position has been sold to be purchased again at lower levels
Comment:
TSLA could go into 1100-1200 area again before drop
Main target now $630
Comment:
Last comment not likely at this point
$630 remains main target
Comment:
Price moving down too quickly
If target of 630 is hit before end of month, fewer shares/options will be purchased @ 630
Target range then 550-630
Comment:
First target hit but expecting continued downward pressure into next month (probably briefly)
Original position repurchased at roughly 40% discount
Comment:
Will sell partial position if we make it to $865 before continuing downward
Comment:
Expecting continued push down into this week and then a short term rally the following 3-4 weeks (possibly to 865 target) then continuation downward into 550 area or lower
Comment:
Expecting a push up next 2-3 weeks and then final target area of 540-560
Comment:
Still looking for 865 before final move down into 420-550 area
Comment:
75% position sold @ 865
Remaining 25% will be sold if we make it to 950 area
Comment:
Remaining position sold
Comment:
Expecting a market bottom the second half of 2023 and TSLA only needs a couple months of heavy selling to bottom so TSLA might run up in the coming months.
Because of the uncertainty, my position will stay flat
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.