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VaultTrading
Jun 11, 2021 12:44 PM

TSLA Wedge Pattern - The Play Everyone is Waiting For Long

Tesla, Inc.NASDAQ

Description

The Play everyone is waiting for.. a breakout on TSLA

This wedge has been in progress for nearly 6 months now; just a little more patience until we go long.

Here are the levels:
Entry: 692.07
1st Target: 733.09
2nd Target: 801.45

Leaps are not a bad shout to enter early while we are sitting near support. The goal is to get in before IV crush if you want to make a much higher percentage gain on your contracts.

Options Idea:
TSLA 800c 1/21/22 @ 49.08
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