Could TSLA short squeeze? LONGI have had two TSLA puts that have performed well. One was liquidated today to buy
a call optio. I may do the same thing to finish out the trading week. TSLA for one reason
or another while Musk announced he wants more shares from the board and pricing was
modified in Europe has stabilized its price in the market over the past 3-4 trading days.
Price is sitting one the support of a POC line from the intermediate past trading sessions.
Given the volatility and volume that TSPA commands, it is possible a short squeeze could
set up as shorts buy to cover having seen the consolidation at the bottom. New buyers
may see and entry and synergy might make for a decent uptrend. Time will tell.
I am a flip-flopper here but I see good reason to go long on TSLA at this time. I have drawn
in some horizontal pivots as reference points and will take partials along the way.