TSLA supported strongly by Bollinger Band! 266 remains the challenge!
- Supported well off Bollinger band at 243
- Price action continues to remain below MA5 yellow
- There is a confluence of MA5/MA50 meeting soon ==> TSLA must get above! MA5 going below MA50 is another confirmation of bearish
- Note that MA5 has crossed below MA20 some weeks ago ==> ALready shared in previous post what that means
- Note 240 remains key support, breaking below it does bring 209 to 190 back in play
My Watch/Plays
- Closed my puts Monday with the upper test
- Will sell puts again once MA5/MA50 direction gets clearer Tuesday/Wednesday or post CPI on Thursday
- Any dip tonight will go with strike 190 first to own (missed it marginally on Monday)
Good luck, all!
@melson @Deposit @LMSunshine @TigerStars @macroB @CaptainTiger
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- Aqa·2023-08-08TOPDip tonight, good luck! Lcsh done. Go top!👍🏻2Report
- KeiHiN·2023-08-08Great ariticle, would you like to share it?1Report