Eclubtrading

$TSLA’s igniting candle

Long
NASDAQ:TSLA   Tesla
$TSLA has been acting better than most stocks throughout the week amid weakness in the overall market. It finally pushed above 765 in order to open up the chart for higher prices. We were long the $750 calls which returned 300% profit. The next move higher should take the stock in the 780-820 area. Most dips should provide a good buying opportunity as long as it holds above 765. October deliveries at the end of next week might be an important catalyst in either direction. From a technical perspective, Friday’s action was just the beginning of a new active sequence for the EV maker.

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