As you can see from the chart, TSLA broke down from a flag, hit the flag target and then bounced.
What makes the most sense to me here is that the flag gets retested as resistance before falling further.
That would make the top target around $260 around 6-8% higher.
If that level gets tagged, then I think that would setup a great short opportunity down to the $77 final support on the chart.
Let's see how it plays out.
What makes the most sense to me here is that the flag gets retested as resistance before falling further.
That would make the top target around $260 around 6-8% higher.
If that level gets tagged, then I think that would setup a great short opportunity down to the $77 final support on the chart.
Let's see how it plays out.
Comment:
It's likely that
TSLA
extends to $275 from here ($240 now). I took some short term calls for 12/29 w/ $245 strike price.
TSLA
extends to $275 from here ($240 now). I took some short term calls for 12/29 w/ $245 strike price.
Comment:
$260 level being respected as the short. Going to continue to watch this over the next couple weeks to see if price can hit $270ish before fully flipping bearish
