As Per, CPI and PPI reports are causing a bear rally.
TSLA
Due to high Beta and Paired with TSLA now touching the lower channels of the trend, I believe we will see some short-term bullish action till new year.
If price action breaks $200 I believe we may see a rally towards $260-270.
Long term Bearish of course, like our last short any entry price above $250 is a good time to enter a short or long dated puts for exp in January/February.
Now is not the best time to short. You will find better entry points in the coming month. A rejection of $200 from this week means it could drop to demand zone at $140-160 but may be bought up and then a rally would resume.
Let's just keep this simple. The trend is your friend, but patience is key if you want a monster short ;)
Long -
Entry price : $170
Short -
Entry price : $270
TP 1 : $220
TP 2 : $160
TP 3 : $140
Timeframe : 1-3 months, x2 trades, 100% max return goal.
(Disclaimer : not financial advice)
TSLA
Due to high Beta and Paired with TSLA now touching the lower channels of the trend, I believe we will see some short-term bullish action till new year.
If price action breaks $200 I believe we may see a rally towards $260-270.
Long term Bearish of course, like our last short any entry price above $250 is a good time to enter a short or long dated puts for exp in January/February.
Now is not the best time to short. You will find better entry points in the coming month. A rejection of $200 from this week means it could drop to demand zone at $140-160 but may be bought up and then a rally would resume.
Let's just keep this simple. The trend is your friend, but patience is key if you want a monster short ;)
Long -
Entry price : $170
- TP 1 : $220
TP 2 : $260
TP 3 : $280
Short -
Entry price : $270
TP 1 : $220
TP 2 : $160
TP 3 : $140
Timeframe : 1-3 months, x2 trades, 100% max return goal.
(Disclaimer : not financial advice)
