I originally made my initial publish on this website on the 13th of April.
This publish is just a magnified look at that one.
As you can see, the theory is holding pretty fair right now.
Earnings still seem to be expected between the 22nd, and the 29th. Most seemingly expect it on the 22th.
I believe as long as many maintain the belief that earnings will be on the 22nd, there will be continued strong resistance at around $750.
There is mounting evidence that PUT options have and continue to increase on $TSLA, so i don't see it break that $750 threshold.
In my opinion, i'm not looking to short until it goes below $700. At that point i will inspect how it moves from there and holds to the resistance of $700. If it continues at or about that range, the longer it does, the more confident I will be to short it after the 22nd.
However, if it falls below $680, i don't see BULLS regaining control, in fact, most should be struck with fear and sell out to maximize profits. They wouldn't want to get caught in that free fall. After that free fall I'm looking to buy long term (depending on where I have 3 possible support zones) between the ranges of $415 and $350. I don't expect it to go lower than $350 with Tesla being a leader in its industry.
Please like and let me know what you guys think.
Again this is an update to my last publish, for more information please review my previous posts. I do not give away my personal signals.
This publish is just a magnified look at that one.
As you can see, the theory is holding pretty fair right now.
Earnings still seem to be expected between the 22nd, and the 29th. Most seemingly expect it on the 22th.
I believe as long as many maintain the belief that earnings will be on the 22nd, there will be continued strong resistance at around $750.
There is mounting evidence that PUT options have and continue to increase on $TSLA, so i don't see it break that $750 threshold.
In my opinion, i'm not looking to short until it goes below $700. At that point i will inspect how it moves from there and holds to the resistance of $700. If it continues at or about that range, the longer it does, the more confident I will be to short it after the 22nd.
However, if it falls below $680, i don't see BULLS regaining control, in fact, most should be struck with fear and sell out to maximize profits. They wouldn't want to get caught in that free fall. After that free fall I'm looking to buy long term (depending on where I have 3 possible support zones) between the ranges of $415 and $350. I don't expect it to go lower than $350 with Tesla being a leader in its industry.
Please like and let me know what you guys think.
Again this is an update to my last publish, for more information please review my previous posts. I do not give away my personal signals.
