Tesla looks primed for a rebound, trader says. Two ways to play the pullback

CNBC2021-06-04

Tesla is under pressure again this week, but TradingAnalysis.com founder Todd Gordon says that spells opportunity for savvy investors to build out a position. Speaking with CNBC’s “Trading Nation” on ...

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Comments

AceITAlways
2021-06-05
AceITAlways
As expected analyst don't really have a clue what and where Tesla is headed! Dyor!
KamenR
2021-06-04
KamenR
Competition in the EV market the next few years will be crazy!
- MOON88:
  Truly agree
Kt18
2021-06-04
Kt18
Agreed
Cfgramos
2021-06-04
Cfgramos
Oh dear
- Shirron:
  [傲娇]
RuyiOng
2021-06-04
RuyiOng
Pls comment thanks
手可摘棉花
2021-06-04
手可摘棉花
Tesla looks like it’s losing its lustre $Tesla Motors(TSLA)$

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Two ways to play the pullback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 20:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/04/tesla-stock-looks-primed-for-a-rebound-after-pullback-trader-says.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla is under pressure again this week, but TradingAnalysis.com founder Todd Gordon says that spells opportunity for savvy investors to build out a position.\nSpeaking with CNBC’s “Trading Nation” on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/04/tesla-stock-looks-primed-for-a-rebound-after-pullback-trader-says.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.cnbc.com/2021/06/04/tesla-stock-looks-primed-for-a-rebound-after-pullback-trader-says.html","article_id":"1154284076","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/04/tesla-stock-looks-primed-for-a-rebound-after-pullback-trader-says.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1154284076","pubTimestamp":1622810640,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"Speaking with CNBC’s “Trading Nation” on Thursday, he said the long-term prospects for Tesla look strong and he predicted that CEO Elon Musk’s electric vehicle maker will marry with his space exploration company SpaceX to give it a cutting-edge advantage in the space.“Tesla, with its efforts in space with SpaceX, with Starlink, they just launched another mission, ultimately I think the game will be won when global internet connectivity from the sky links all the Tesla’s fleet whether it’s taxis ","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"交易员表示，特斯拉似乎已经做好了反弹的准备。拉回的两种玩法","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"Tesla is under pressure again this week, but TradingAnalysis.com founder Todd Gordon says that spells opportunity for savvy investors to build out a position.\nSpeaking with CNBC’s “Trading Nation” on Thursday, he said the long-term prospects for Tesla look strong and he predicted that CEO Elon Musk’s electric vehicle maker will marry with his space exploration company SpaceX to give it a cutting-edge advantage in the space.\n“Tesla, with its efforts in space with SpaceX, with Starlink, they just launched another mission, ultimately I think the game will be won when global internet connectivity from the sky links all the Tesla’s fleet whether it’s taxis or individual passenger cars, so I think Tesla is going to control it,” he said.\nOn a shorter-term basis, Gordon said its technical setup points to upside.\n“I think we might have … a little bit more consolidation through the summer before we ultimately move higher. I think, however though, that the lows are in place with Tesla and I think the reward is very large compared to the risk,” said Gordon.\nThat bullish outlook changes if Tesla breaks below $545 a share, but Gordon does not expect that. It closed Thursday at 572.84.\nGordon sees two ways to play its pullback. The first, he said, is to buy the stock outright and add a stop order at $550.\nThe second is to look to the options market. He targets a retest of its $700 region heading into earnings expected late July or early August.\n“A trade you can do is do a call spread, buying the 650 strike call in those July [16] monthly expirations, selling a 700 call, a $50 spread for which you will pay $11.20,” said Gordon. “I have $1,100 roughly of risk to make 3800. Really good reward-to-risk ratio.”\nTesla shares are down nearly 20% in 2021. It has pulled back 36% from its late January peak.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":112195150,"gmtCreate":1622854621370,"gmtModify":1704192419859,"author":{"id":"3572385541809895","authorId":"3572385541809895","name":"AceITAlways","avatar":"https://static.tigerbbs.com/0f25697c34823e646de3547094f96449","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"As expected analyst don't really have a clue what and where Tesla is headed! Dyor!","listText":"As expected analyst don't really have a clue what and where Tesla is headed! Dyor!","text":"As expected analyst don't really have a clue what and where Tesla is headed! Dyor!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112195150","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116486269,"gmtCreate":1622815559051,"gmtModify":1704191776267,"author":{"id":"3583799729432788","authorId":"3583799729432788","name":"KamenR","avatar":"https://static.tigerbbs.com/db3db81fd6b762e83625b40b8566dec3","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Competition in the EV market&nbsp;the next few years will be crazy!","listText":"Competition in the EV market&nbsp;the next few years will be crazy!","text":"Competition in the EV market the next few years will be crazy!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116486269","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4586284,"gmtCreate":1622854037783,"gmtModify":1663227982436,"authorId":3575859659136593,"author":{"id":3575859659136593,"authorId":3575859659136593,"name":"MOON88","avatar":"https://static.tigerbbs.com/f09b0d1b368ce9762e9af5a440d99d98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116486269,"type":1,"supId":0,"prevId":0,"content":"Truly agree","text":"Truly agree","html":"Truly agree"}],"langContent":"EN"},{"id":116433575,"gmtCreate":1622814767597,"gmtModify":1704191744340,"author":{"id":"3577585651785890","authorId":"3577585651785890","name":"Kt18","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116433575","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116526473,"gmtCreate":1622813076892,"gmtModify":1704191663492,"author":{"id":"3577318628836449","authorId":"3577318628836449","name":"Cfgramos","avatar":"https://static.tigerbbs.com/8e4f5dee285970cb0d50c61a4302a33f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Oh dear","listText":"Oh dear","text":"Oh dear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116526473","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4580822,"gmtCreate":1622815308010,"gmtModify":1663227961748,"authorId":3580341549267327,"author":{"id":3580341549267327,"authorId":3580341549267327,"name":"Shirron","avatar":"https://static.tigerbbs.com/df7d4c61495981213747b5b050907306","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":116526473,"type":1,"supId":0,"prevId":0,"content":"[傲娇]","text":"[傲娇]","html":"[傲娇]"}],"langContent":"EN"},{"id":116521865,"gmtCreate":1622812968057,"gmtModify":1704191660555,"author":{"id":"3581843901915824","authorId":"3581843901915824","name":"RuyiOng","avatar":"https://static.tigerbbs.com/0f0f607e2db1a857ce6e533079ad3d78","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls comment thanks","listText":"Pls comment thanks","text":"Pls comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116521865","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":116564530,"gmtCreate":1622812763120,"gmtModify":1704191653517,"author":{"id":"3579342217954724","authorId":"3579342217954724","name":"手可摘棉花","avatar":"https://static.tigerbbs.com/eb5d81ca4420febc27175fcd21eb90b2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Tesla looks like it’s losing its lustre <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","listText":"Tesla looks like it’s losing its lustre <a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>","text":"Tesla looks like it’s losing its lustre $Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116564530","repostId":1154284076,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":19,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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