rahuljoshi
2023-08-30

Great ariticle, would you like to share it?
@Asphen：
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 $Tesla Motors(TSLA)$
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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