SlyTrdr

SlyTrdr

Updated chart shows failed breakout trade, volume, resistance and sideways trading range until earnings?

SlyTrdr

TSLA sticking within the technical analysis ranges, the initial trade idea failed. Looks like it will now trade sideways until earnings on 5/14

SlyTrdr

Trade - Long above $232 for a move to $261 = $29 per share. Sell and take profits at prior high. Buy again above all-time high $262 for a move to $300 for another $38 per share. If interest rates go up, sell short, confirmed after break below $185 for a move to $137 and then $120.

SlyTrdr

Crazy outside day, charger recalls for the short and then 6900 vehicles for the quarter to re-ignite the stock. So much volatility! Fib retracement levels from the 195 show us resistance today. Expecting we will MOMO above the Fib soon and into the break-out range 157-170 around earnings.