TSLA had a great earnings on 4/20/22. They beat expectations and bulls rejoiced, sending prices soaring in afterhours.
No one expected the slaughter that would come 4/21/22.
TSLA immediately began crashing and finished the day erasing most of the gains from pre-earnings. IV was crushed, share prices were left in tatters, and everyone started in horror as the retail king dumped 6% with almost no support from the once-thrilled bulls.
What happens now?
Judging by the points of control (POCs) from multiple session volume profiles it would appear as though there is a concentration of both control and value between $985 and $1016 with a low of $962.
If prices can't catch support then the untouched POC at $982 is a logical point to target for anyone playing short or bearish positions.
There is one caveat to all of this...
I sincerely doubt that prices drop freely and easily, allowing all of those puts to print. Games are afoot in this market so be careful and take nothing for granted.
An alternate scenario would be a bounce-up from the current horror show with bulls shaking off the rate hike news and realizing that TSLA is still a powerful company with a potentially bright future. Investors can make the difference here.
No one expected the slaughter that would come 4/21/22.
TSLA immediately began crashing and finished the day erasing most of the gains from pre-earnings. IV was crushed, share prices were left in tatters, and everyone started in horror as the retail king dumped 6% with almost no support from the once-thrilled bulls.
What happens now?
Judging by the points of control (POCs) from multiple session volume profiles it would appear as though there is a concentration of both control and value between $985 and $1016 with a low of $962.
If prices can't catch support then the untouched POC at $982 is a logical point to target for anyone playing short or bearish positions.
There is one caveat to all of this...
I sincerely doubt that prices drop freely and easily, allowing all of those puts to print. Games are afoot in this market so be careful and take nothing for granted.
An alternate scenario would be a bounce-up from the current horror show with bulls shaking off the rate hike news and realizing that TSLA is still a powerful company with a potentially bright future. Investors can make the difference here.