Disclaimer: The analysis intormation is tor reterence only and does not constitute an Investment recommendation.
On Friday, February 17th, 2023, the share price of TSLA was rejected at a new support level of 201 and began a new month pivot point at a share price of 208-210. I believe that TSLA will encounter its next
resistance on Tuesday or Wednesday, with a share price of 230-240. The new support level is at 225. From February to March, TSLA will likely have a consolidation range of 220-245.
In my opinion, TSLA will face another rejection at a share price of 265, and this will continue the bearish trend. 225 is the last stand of bullishness in March. TSLA has a very strong rejection zone at 230 and
265. On these two rejection zones, you can "short" for two days, and the new entry level is at 220 to make another hit at 265. After it hits 265, you can make another "short" below 265 until it reaches 215.
As of Tuesday, February 21st, 2023, the stock price of TSLA stands at 209. If the stock exhibits a strong upward momentum and a bullish trend, it may be wise to consider selling shares at a price range of 214-217 to lock in profits. Conversely, if the momentum is weak and the trend is bearish, you may want to consider selling at a price point of 212. It’s worth noting that TSLA has demonstrated a pattern of hitting the 214-217 price range and subsequently being rejected from 217. If this occurs, you may want to consider “shorting” the stock by entering a position at 217 and exiting when the price falls to 202-206.
If TSLA manages to maintain its upward trend and stays at a share price of 202, you can “buy call” by entering a position at 202-203 and exiting when the price reaches 220-230. However, if the stock’s share price falls below 201, it’s best to avoid trading. On the other hand, if the share price is above 201-203, you can continue with the swing trading strategy.
If you made an entry on February 17th, you could consider a “BUY CALL” option with a strike of 227 and aim to exit at a share price range of 214-217. If you entered at 218, you may want to consider a “BUY PUT” option with a strike of 200 and an expiration date of March 3rd, and aim to exit at a share price range of 206-202.
On the other hand, if you make an entry at 202-203-206, you could consider a “BUY CALL” option with a strike of 220 and an expiration date of March 3rd, and aim to exit at a share price range of 230-240. Lastly, if you enter at 240-230, you may want to consider a “BUY PUT” option with a strike of 212 and an expiration date of March, and aim to exit at a share price range of 212-210.
Please note that these investment strategies are speculative and carry risks, and it’s important to conduct thorough research and consider all factors before making any investment decisions.
Swing trading allows you to have more time to book profits, so please do nothold your trade
for more than two days. The recommended risk-reward ratio is 40-60%, with profits booked
at 5-10%.
On Friday, February 17th, 2023, the share price of TSLA was rejected at a new support level of 201 and began a new month pivot point at a share price of 208-210. I believe that TSLA will encounter its next
resistance on Tuesday or Wednesday, with a share price of 230-240. The new support level is at 225. From February to March, TSLA will likely have a consolidation range of 220-245.
In my opinion, TSLA will face another rejection at a share price of 265, and this will continue the bearish trend. 225 is the last stand of bullishness in March. TSLA has a very strong rejection zone at 230 and
265. On these two rejection zones, you can "short" for two days, and the new entry level is at 220 to make another hit at 265. After it hits 265, you can make another "short" below 265 until it reaches 215.
As of Tuesday, February 21st, 2023, the stock price of TSLA stands at 209. If the stock exhibits a strong upward momentum and a bullish trend, it may be wise to consider selling shares at a price range of 214-217 to lock in profits. Conversely, if the momentum is weak and the trend is bearish, you may want to consider selling at a price point of 212. It’s worth noting that TSLA has demonstrated a pattern of hitting the 214-217 price range and subsequently being rejected from 217. If this occurs, you may want to consider “shorting” the stock by entering a position at 217 and exiting when the price falls to 202-206.
If TSLA manages to maintain its upward trend and stays at a share price of 202, you can “buy call” by entering a position at 202-203 and exiting when the price reaches 220-230. However, if the stock’s share price falls below 201, it’s best to avoid trading. On the other hand, if the share price is above 201-203, you can continue with the swing trading strategy.
If you made an entry on February 17th, you could consider a “BUY CALL” option with a strike of 227 and aim to exit at a share price range of 214-217. If you entered at 218, you may want to consider a “BUY PUT” option with a strike of 200 and an expiration date of March 3rd, and aim to exit at a share price range of 206-202.
On the other hand, if you make an entry at 202-203-206, you could consider a “BUY CALL” option with a strike of 220 and an expiration date of March 3rd, and aim to exit at a share price range of 230-240. Lastly, if you enter at 240-230, you may want to consider a “BUY PUT” option with a strike of 212 and an expiration date of March, and aim to exit at a share price range of 212-210.
Please note that these investment strategies are speculative and carry risks, and it’s important to conduct thorough research and consider all factors before making any investment decisions.
Swing trading allows you to have more time to book profits, so please do nothold your trade
for more than two days. The recommended risk-reward ratio is 40-60%, with profits booked
at 5-10%.