TSLA - Time to Breakout?
After a 7-month long wedge pattern, it may finally be time for TSLA to run once again. Lets look at some factors
We had a breakout on volume to push us over our resistance, but recent candle could potentially be a retest of that new support.
For now, we are sitting on the POC (Point of Control) which is where we want to be since it provides nice cushioning for Monday's open.
I'm expecting TSLA to touch our new support Monday before continuing higher until we reach our entry for calls. If we fall below our support to 655.10, possible put play.
Levels:
Calls > 699.55
Puts < 655.10
Bullish Options Idea:
TSLA 740c 7/9 @ 7.15
Sitting on the sidelines until one of these entries trigger.
We had a breakout on volume to push us over our resistance, but recent candle could potentially be a retest of that new support.
For now, we are sitting on the POC (Point of Control) which is where we want to be since it provides nice cushioning for Monday's open.
I'm expecting TSLA to touch our new support Monday before continuing higher until we reach our entry for calls. If we fall below our support to 655.10, possible put play.
Levels:
Calls > 699.55
Puts < 655.10
Bullish Options Idea:
TSLA 740c 7/9 @ 7.15
Sitting on the sidelines until one of these entries trigger.
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