TSLA Testing Key Gamma Levels! Critical Options and Price ActionTechnical 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.
