Tsla Potential Bear Flag Formation
Tsla is moving below key support area around 306 this morning. For the past weeks, the stock has been trading in a fairly tight range after dropping from the 360 area. If it is a bear flag, we could see a measured move of equal size to the downside, which could put the stock anywhere from 260 to the 280 range. But the problem with this stock is that it's hard to keep it down. We will see. But its an opportunity for a cheap options play.
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