TSLA - Enough to be bullish about; 209 to be tested?
Price action (Update 3 Mar 2024)
- Price action has broken above MA5 yellow and has remained above past week
- Past week action has stayed above MA5
- Has also stayed above VWAP
- Good liquidity built below 200 so far
Bullish
- Likely continued bullishness with a test of 209 coming week
- Will also face a sloping down MA50 blue
- Getting above 209 is key as it will then re-test VWAP mean 219
Bearish
- Breaks below 199 and stay below 199 would mean bearishness
- Will re-test 181
My plays
- Will sell puts strike between 185 to 180
- Will nibble more shares if it stays strongly above 199 this coming week
Good luck, all!
TSLA Daily - 3 Mar 2024
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