After confirming the $122 Support Rejection going into the end of the week/year for TSLA, we expected to at least re-test the $106-$108 Support Levels and found confirmation on the 1-Hr Timeframe.
With additional bull analysts starting to kick in, we believe it will take a little longer before the stock actually goes lower. Of course, we're monitoring and will wait for confirmation above the $122s again before closing or determining if we're creating a channel sideways between the $106s-$122s for a while until moving higher/lower.
(Didn't press send on this earlier around 12 CST)
With additional bull analysts starting to kick in, we believe it will take a little longer before the stock actually goes lower. Of course, we're monitoring and will wait for confirmation above the $122s again before closing or determining if we're creating a channel sideways between the $106s-$122s for a while until moving higher/lower.
(Didn't press send on this earlier around 12 CST)
Commento:
Intraday from a lower time frame.
Resistance > Support Conversion at $112s while looking to breakout above $113.85 or so
Watch that support line though to determine if I continue holding my Calls throughout the rest of the week
Resistance > Support Conversion at $112s while looking to breakout above $113.85 or so
Watch that support line though to determine if I continue holding my Calls throughout the rest of the week
Commento:
How we're currently reacting to these levels now
Commento:
Potential triple top rejection here unless it can break out.
if it does, we're reversing to potential PUTS
if it does, we're reversing to potential PUTS
Trade chiuso: stop raggiunto:
Options closed on STOPs due to the continued rejection.
Following the new Blue Line Trends (Right-Side Chart) very carefully and will let that weigh on my decision of holding yesterday's call on the stock.