PontusTrader

TSLA in strong demand zone

Long
NASDAQ:TSLA   Tesla
Here we have TSLA stock showing the following positive bullish signs:
  • stock price is outside lower bollinger band on weekly basis
  • price is on support line
  • price is just above the former resistance line that will turn into support (that is, the pennant)
Accumulate in the green circle, sell calls against your stock if you get caught underwater or just buy outright speculative OTM calls. That's what I will be doing.

Check out my previous two TSLA ideas that ripped up with almost no downside move.
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