Tesla's stock rebounded 38% from a recent low of $140 despite missing earnings estimates, buoyed by progress in Full Self-Driving (FSD) technology and Elon Musk's engagement with Chinese authorities. The stock peaked at $198 but has since fluctuated around the 50-day EMA, between $169 and $180. A brief close above the 50-day EMA could signal a bullish trend, potentially targeting $221-$224, though the 200-day EMA near $200 may pose a challenge.
I remain bullish on Tesla stock, anticipating a climb towards $220, despite potential obstacles.
Looking to sell Cash Secured Put at $155 3 weeks out when market opens to earn premiums, sighting $160 may be a rather strong support for the price to stay above
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Please go to 200 soon….