Black_Sheep1

BULLISH into BEARISH Scenario

Black_Sheep1 Updated   
NASDAQ:TSLA   Tesla
TSLA has momentum to move to 180 area. (This needs to happen before FOMC meeting)
I thought Tesla was finished here, but momentum is strong and puts are piling in, I think we may see a continued rally to 169,if we close above 167.55 on daily or weekly, Tesla could hit 180 by Tuesday, before selling off

Technical Bullish Patterns:
15min- Bullish pennant breakout - measured move to 170-175 (close below 154.5) invalidates (false break-out)
Daily: H&S Pattern measured move to 175-181 (close below )

Technical Bearishness:
1 hr - Bearish Divergence on RSI, MACD, STOCH
200 WMA: 167
currently oversold on BB bands

Bearish Catalysts:
-1/27 PCE Prices higher than expected
-1/31 employment cost index higher than expected
-1/31 Bad Tech earnings
-2/1-Fed Drops Market on Feb 1st (FOMC decision) **** I think Fed will tank the market
Comment:
There is some Dark Pool Shenanigans happening here - be careful of Manipulation Moves today:
Comment:
8:20 am : 5 mil shares before PCE prices : 550k sell order block....be careful
Comment:
WOW! ok, so bullish patterns are playing out - TP1 zone 171-175 has been reached.
Close above 170- We should go towards 208 soon... BE careful - Take profits before Weekend and economic news next week
Comment:
OK We hit inverse H&S target of $180 - take some I'm taking $ off the table and selling Feb 23rd $180 calls -
Comment:
180 target reached - *** JAN 31st is historically the most bullish day for the stock market. If Tesla holds 167 . a run back up to $180 is possible likely forming a double top...or if buying volume is elevated, Market Makers may target 191 gap fill before dumping.

****$173-175.5 will be an area of resistance and short scalping potential
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