TSLA - Possible more downside, but buy any gap up

12 May 2019

Morning traders,

We can see that tesla is in a falling wedge ending pattern, and that there is still a potential 5-6% downside in this asset. However with Musk buying shares and being towards the end of the wedge, I'd be careful loading shorts here.

There is potential for more downside as mentioned, but I would not hold any contracts longer than a week.

My trading plan will be to buy any gap-up days with month out contracts as is standard for me.

Be careful next week in any longs, and as always, hit that like and follow button

20 May 2019

İşlem aktif

Long 220/230 june 21st calls

21 May 2019

Not

As long as 200 is held, this should prove to be a good long. Stops around 200

22 May 2019

İşlem elle kapatılmış

Failure to stay above $200 3 days in a row @ open, I've let this go, will look for a re-entry later down the road.