TSLA Bulls coming in HOT!

11 Şub

TSLA

Analysis is based on simplified SMC concepts. There was a significant impulsive move above $217.65 (noted by the "W-BoS" or Break of Structure). Price action has been steadily pulling back into this prior demand area ($152.37-$217.65). Current price is in a significant discount zone and I anticipate price to impulsively move out of this area in the coming weeks. Plan on holding this trade idea for a few months. ~7 months

Reward to Risk ratios could vary between 5:1 up to 28:1 depending on the instrument you are trading.

If you are trading stock CFDs :

4 positions at $195.71 would be ideal

Exits:

1st = 299.29
2nd = $338.96
3rd = $390.38
4th = $446.21


If you are trading stock options:

Sep 20th Expiration - Buy out of money Calls between $260-$300

ideally 4 positions

Exits:

(STRIKE price)

1st = 299.29
2nd = $338.96
3rd = $390.38
4th = $446.21


If you are buying the underlying instrument (TSLA):

4 positions at $195.71 would be ideal

Exits:

1st = 299.29
2nd = $338.96
3rd = $390.38
4th = $446.21