My TSLA plays - In the balance!


- Background from previous post - MA5 crossed below MA20 & MA50 ==> bearish indicator

- Filled most of the gaps up to 213 ==> Good price action

- 18 Aug "bottom" was the same support level as the recent resistance high on 16 Feb ==> Could this be the higher low?

- Past days had been trading in the range 230 to 240 ==> ironically had been the support range mentioned many times in past sharing ==> now become resistance

- MA5 is now coming up v close to MA20 ==> Will it break above?

- A break of 240 (MA20) is needed followed by a re-test of 255 (MA50)


My Watch/Plays

- Sold puts strike 190 stead to hold

- In the trading range 230 to 240, any low of 230s will sell more puts strike 190/195

- A breakout of 240 and MA5 crossing above, will sell more puts strike 195 and 219


Looks good for now, Cautious. But always ready for another leg down to 195 (gap fill)


Good luck, all!

@LMSunshine  @CaptainTiger  @TigerStars  @Deposit  @melson  @macroB  

$Tesla Motors(TSLA)$ 

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  • Agree. Very similar strategy to mine 👏
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    • Asphen
      Nice! Good run with the break of 240 last night!
      2023-08-30
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  • JinHan
    ·2023-08-30
    TOP
    Great technical analysis there mate!
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    • Asphen
      thank you. played out well last night! 😀
      2023-08-30
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  • melson
    ·2023-08-29
    TOP
    gap filling time
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    • AsphenReplying tomelson
      nice
      2023-08-29
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    • melsonReplying toAsphen
      tsla fills gaps
      2023-08-29
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    • Asphen
      u think so?
      2023-08-29
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  • rahuljoshi
    ·2023-08-30
    Great ariticle, would you like to share it?
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    • Asphen
      thank you
      2023-08-30
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