Technical Analysis for TSLA
* TSLA is trading within a descending channel but showing early signs of consolidation at $423.50. The stock has found short-term support near $410, with resistance levels around $438 and $460.
* Indicators:
* The MACD indicates potential bullish divergence, hinting at upward momentum.
* The 9 EMA and 21 EMA are narrowing, suggesting possible price stabilization or reversal.
Key Levels to Watch
* Support: $410 (strong demand zone).
* Resistance: $438 (near-term), $460 (next gamma resistance).
GEX Analysis for Options
* Gamma Walls:
* Positive Gamma Resistance at $460 and $488, indicating strong call wall resistance.
* Negative Gamma Support near $410 and $400, serving as a floor for price action.
* Options Oscillator Insights:
* IVR: 74.3, showing elevated implied volatility levels.
* Call/Put Ratio: Bullish bias at 88.1% Calls.
* GEX: -19.63%, leaning towards bearish gamma pressure, which could limit upside moves but stabilize near support.
Trading Scenarios
1. Bullish Scenario
* Entry: Above $425.
* Target 1: $438, Target 2: $460.
* Stop-Loss: Below $415.
2. Bearish Scenario
* Entry: Below $410.
* Target 1: $400.
* Stop-Loss: Above $420.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
* TSLA is trading within a descending channel but showing early signs of consolidation at $423.50. The stock has found short-term support near $410, with resistance levels around $438 and $460.
* Indicators:
* The MACD indicates potential bullish divergence, hinting at upward momentum.
* The 9 EMA and 21 EMA are narrowing, suggesting possible price stabilization or reversal.
Key Levels to Watch
* Support: $410 (strong demand zone).
* Resistance: $438 (near-term), $460 (next gamma resistance).
GEX Analysis for Options
* Gamma Walls:
* Positive Gamma Resistance at $460 and $488, indicating strong call wall resistance.
* Negative Gamma Support near $410 and $400, serving as a floor for price action.
* Options Oscillator Insights:
* IVR: 74.3, showing elevated implied volatility levels.
* Call/Put Ratio: Bullish bias at 88.1% Calls.
* GEX: -19.63%, leaning towards bearish gamma pressure, which could limit upside moves but stabilize near support.
Trading Scenarios
1. Bullish Scenario
* Entry: Above $425.
* Target 1: $438, Target 2: $460.
* Stop-Loss: Below $415.
2. Bearish Scenario
* Entry: Below $410.
* Target 1: $400.
* Stop-Loss: Above $420.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your due diligence and manage risks before trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.