Looking for Tesla to pull back a bit after good run. 50 MA on daily is a strong resistance for Tesla as highlighted in Chart, has had decent pullback previously from that resistance. Short Term Bearish, Long Term Bullish.
Tesla, currently at strong support. Negative news is not affecting the stock much. Oversold and selling seems to be drying up. Higher margins requirement will force Bears to sell to close, if we move higher. Playing this with options for a possible move towards 220.
Thinking IQ will have one more pop into some moving averages before rolling over and declining further. I'm reading the closing under the 50 ema as a sign of weakness. Will hold puts until the $20 support level.