🚨 Heads-Up on $TSLA 🚨
Attention, Tigers! Let's dive into some crucial insights that could shape our strategies moving forward.
Currently, Tesla ($TSLA) is exhibiting a classic descending triangle pattern, a technical formation that often signals a bearish breakdown. As of now we’re hovering around the $177.50 mark (Post-Mkt), and I’ve got my 👁️ on a potentially pivotal move.
💡 Key Points:
1. Descending Triangle: This pattern often leads to a breakdown, which could see TSLA dropping further.
2. Critical Support Levels: Watch for a gap below $157. If this gap fills, it might align with the July earnings report, potentially setting up a bullish Inverse Head and Shoulders (IHS) formation.
3. Resistance to Watch: We need a break and hold over $185 to consider switching to calls.
I’ve got an Options PUT expiring on June 7, 2024, at $175, and I'm weighing the possibility of adding another PUT position.
So here’s the scoop, my savvy friends, on Tesla’s trends and where it bends. With PUTs in hand and eyes on charts, we’re playing smart, avoiding darts. Watch that gap and heed my call, $157 could mean further fall. But if it jumps and hits $185, calls will thrive, the bulls arrive. So trade with brains, not just a hunch, and soon we’ll all be laughing at lunch. Whether it soars or takes a dive, with strategy, we’ll always thrive! Keep your wits and trade with cheer, because in this game, we’ve nothing to fear!
@Tiger_Earnings @TigerPM @Tiger_chat @Tiger_story @TigerObserver @MillionaireTiger @Tiger_comments @Daily_Discussion @All or Nothing @OptionsTracker @BillionaireN @Alex Puffin On Two Smokes @TigerWire @BABAMood @小虎活动
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I also noted Tesla's trend,
A trend for us to friend
A rising wall Or crashing down, Never a gambler's plight,
Let’s do a PUTs and calls to win the fight.
Let our knowledge guide, not fleeting trend, Invest with purpose, till the very end.
For markets rise, and markets fall, But knowledge gained, outlasts them all.
Huat ah !!
Who's looking over the trend, with a cup of barrister's blend. ☕️
Tomorrow's the day, for winning the way. 💵
Did my best! 😆
Let's hope that tomorrow is a splendid day, BC. 🫡🤝
Happy Trading 👍