Tesla has formed a nice Big Cup and Handle formation after a Blowout earnings and surprise Profit, while reaffirming its guidance. The Company just announced it will unveil its the Highly Anticipated Cyber Truck in 2 weeks and rumored to start deliveries of its Model 3 out of its Shanghai Gigafactory on Monday Way ahead of schedule. Short interest is massive and they started to squeeze but have pushed the stock down into this Cup and Handle formation. A crazy bullish setup in the MOST SHORTED stock. S&P also just upgraded its Debt from negative to positive yesterday. Tomorrow will be huge and shorts are pressed on friday. Elon Hates them so he is sure to help inflict pain, and has set the stock up with an announcement every week this month to ensure they get squeezed out. Get long.
looking for triggers to press this handle UP! tesla is taking a lazy break but is this trend up our freind? im i missing something because this stock seems little breaks are a bull sign because it didnt drop much sense thursday decline. truck development revels new truck on nov 21. ford says ready to take on ev trucks and that trucks are its bigest sales. that should be good or bad for tesla? everyone says tesla is far ahead of everyone so ford says . me too. tesla stock didnt go up on that announcement but does it matter? a stock that doesn't go down on bad news is good
BrandonOsborne
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social media from china says 11/11/19 for China Singles Day. No guarantee on dip in this pattern and Waymo is shutting down its autonomous plant which was just announced which puts Tesla as the Clear leader. Big news when media catches on. There were also over 1M Dec $500 and $600 calls just purchased by someone... would just get in march calls now.
RobFlorio
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@BrandonOsborne, singles day is that good or bad? im trading for the 460 swing next week or truck day.
BrandonOsborne
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@RobFlorio, its amazon prime day for China, a publicity stunt.
RobFlorio
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@BrandonOsborne, that doesn't effect tesla? i thought china factory opens monday no.? lol
BrandonOsborne
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@RobFlorio, Yes, i'm saying they coincided Sales starting with Singles Day. But its a whisper so expect the announcement over the weekend or on monday.
RobFlorio
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@BrandonOsborne, ok. is this ford news ready to take on tesla trucks a bad for tesla stock? i got a 1 week call on tesla late friday. so tesla sales go up on that day monday?
@RobFlorio, you can get 100's of percent gains on long dated calls with less risk. You can on weeklies, but you can also lose it all and need a big move. Long dated calls are less volatile. I have tesla Jan 2022 calls that are already up 200%+ so who knows where they will be when that dated gets here. 1,000%-2,000% maybe more.