TSLA opening above $198.5 should go up towards $204 gap fill possibly $206 retracement ...
resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move)
If Fed is Dovish today with a 25bp hike this will help to push bullish narrative
Fed with 25bps and Hawkish rhetoric can stop the bull run.
Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week
This Feels like a Bull Trap set-up- just my opinion
I bought back in @ 175
Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position,
I would not sell calls if I did not own shares at that lower price.
resistance @ $$199.5-200.5 then $204 (2 sigma weekly Move)
If Fed is Dovish today with a 25bp hike this will help to push bullish narrative
Fed with 25bps and Hawkish rhetoric can stop the bull run.
Below $194, we could see Tesla go for Gap fill below and settle around $190 to finish the week
This Feels like a Bull Trap set-up- just my opinion
I bought back in @ 175
Since I plan on taking Profits for this week I will look into selling $200-$205 calls against my $175 price positions *** this is a profit taking options position,
I would not sell calls if I did not own shares at that lower price.
Trade active:
$200.37-$200.5 should be initial resistance -it also coincides with 1.618 extension - cut through that and TSLA may go to the 2 extension at around $209. I would love to see $209 and sell $210 calls for profit taking on my positions
$200.37-$200.5 should be initial resistance -it also coincides with 1.618 extension - cut through that and TSLA may go to the 2 extension at around $209. I would love to see $209 and sell $210 calls for profit taking on my positions
Comment:
Tsla needs to stay above $194
Tsla needs to stay above $194
Comment:
loosing 200 ma on the 1hr.. next support is 20ma & weekly AVWAP
loosing 200 ma on the 1hr.. next support is 20ma & weekly AVWAP
Comment:
below $192 TSLA will test support of wedge breakout @ 186... then rising support channel... this is a falling knife at this point Dark Cloud Cover Formed on the Daily, tomorrow's candle will confirm or invalidate the Reversal
below $192 TSLA will test support of wedge breakout @ 186... then rising support channel... this is a falling knife at this point Dark Cloud Cover Formed on the Daily, tomorrow's candle will confirm or invalidate the Reversal
just crossed bullish on MACD ... Papa Powell, about to put the Market in check..., don't think we are gonna hit $206 until after April...Speech isn't over yet...