TSLA - Possible more downside, but buy any gap up
Updated
Morning traders,
We can see that tesla is in a falling wedge ending pattern, and that there is still a potential 5-6% downside in this asset. However with Musk buying shares and being towards the end of the wedge, I'd be careful loading shorts here.
There is potential for more downside as mentioned, but I would not hold any contracts longer than a week.
My trading plan will be to buy any gap-up days with month out contracts as is standard for me.
Be careful next week in any longs, and as always, hit that like and follow button
We can see that tesla is in a falling wedge ending pattern, and that there is still a potential 5-6% downside in this asset. However with Musk buying shares and being towards the end of the wedge, I'd be careful loading shorts here.
There is potential for more downside as mentioned, but I would not hold any contracts longer than a week.
My trading plan will be to buy any gap-up days with month out contracts as is standard for me.
Be careful next week in any longs, and as always, hit that like and follow button
Trade active
Long 220/230 june 21st callsNote
As long as 200 is held, this should prove to be a good long. Stops around 200Trade closed manually
Failure to stay above $200 3 days in a row @ open, I've let this go, will look for a re-entry later down the road.
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Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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