Tesla broke descending wedge pattern on Thursday, December 22, 2022. There is heavy open interest at the $130 OTM strike price expiring 12/23/22. The stock has the potential to tap the bottom of the descending wedge pattern (yellow line) and fall down into the $90 range over the coming months. Also, gap fill below $100. We will see if gaps fill.
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Disclaimer: Stratford Capital Partners' posts reflect the research and opinions of only the authors who are associated persons of Stratford Capital Partners Ltd. The posts are for informational purposes only and are not a recommendation of an investment strategy or recommendation to buy or sell any security or digital asset (cryptocurrency, etc.) in any account. The information provided within the posts is not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Stratford Capital Partners Ltd. or any of its subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.