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Longtsla

TSLA makes progress in trend up LONGTSLA on the 120-minute time frame has finished off an inverse head and shoulders pattern with the bottoms on January 26 February 6 and February 14 respectively. Price rose above the neckline at 197 and appears to be trending to retest it. My target is 220 which is the 0.5 Fib level of the prior immediate recent January trend down. The relative strength fast line is dipping for a bounce off the 50 level horizontal line. The past RSI indicator shows much improvement in strength. I will buy TSLA shares and options when price gets retraced to about 197 =/- 0.50. I expect this will happen on the next down general market day which could be as early as the morning after this present holiday.
NASDAQ:TSLALong
by AwesomeAvani
2
Could TSLA short squeeze? LONGI have had two TSLA puts that have performed well. One was liquidated today to buy a call optio. I may do the same thing to finish out the trading week. TSLA for one reason or another while Musk announced he wants more shares from the board and pricing was modified in Europe has stabilized its price in the market over the past 3-4 trading days. Price is sitting one the support of a POC line from the intermediate past trading sessions. Given the volatility and volume that TSPA commands, it is possible a short squeeze could set up as shorts buy to cover having seen the consolidation at the bottom. New buyers may see and entry and synergy might make for a decent uptrend. Time will tell. I am a flip-flopper here but I see good reason to go long on TSLA at this time. I have drawn in some horizontal pivots as reference points and will take partials along the way.
NASDAQ:TSLALong
by AwesomeAvani
TSLA breaks above Cup and HandleAs shown on the daily chart TSLA started the cup of a cup and handle pattern in early May and completed the cup in mid-August The handle then formed. Central to the trading of the cup and handle is that upon clearing above the price level of the top of the cup, the stock will begin bullish continuation. TSLA is now at the top of the cup and potentially in continuation. Setting a buy stop slightly below the current price with a stop just below the top of the cup at perhaps $306 would seem to be a low-risk long trade setup.
NASDAQ:TSLALong
by AwesomeAvani