1. There are two long-term asc supports, Orange and Green.
2. Orange hits 700 at June 18 exp
3. There is a thickly traded range from 660 to 710 (purple)
If TSLA closes this week (5/28) above 600, to hit 700 by June 18
If TSLA closes this week (5/28) below green support, big drop.
The theory here is that if the semiconductor shortage and downward pressure on tech stocks continues, all AMD needs to do is break the local ascending support and the 9-month horizontal and then it hits a free-fall zone all the way to 58. Coupled with a macro head-and-shoulders, this is a really cheap bet with a potentially massive payout.