hungry_hippo

TSLA day trade setup for next week

Short
NASDAQ:TSLA   Tesla
Support at $275 and $270, if it breaks $270 then it's headed below $260 for sure on the bear flag target. Chances are pretty good that it'll gap up Monday then tank again. Watch for it Monday....
Comment:
Options expiration today, looks like they'll finish this at $270 to wipe out $270 calls and puts.
Comment:
Sorry, I meant $275 obviously....
Trade active:
I may have jumped the gun but I bought puts this morning. I see no compelling reason for anyone to buy TSLA any more.
Comment:
Entered no man's land but at the same time it's oversold on the hourly, so expect a bounce here...
Trade closed manually:
Got stuff to do today, so I flipped my puts this morning. Made profit on a 24 hr trade, good enough.
Comment:
Dropped below $260 target as predicted....
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