TeslaShort
Weekly chart - Will price drop with broad selling?
Below are the factors I am considering on a long put trade this week:
* RSI is at 94 on weekly, this is rare and it will come back down
* Yellow circles show higher closing price while stochastic %K dropped (green line)
* Stochastic %D has been in decline (red arrow)
* Price is way over 10sma around 600, and 20sma is even lower
If this week sees fear-based selling, TSLA will drop. Have to see how expensive put options are (how high IV goes). Will be looking at Monday's open and 30min chart. If I do open a long put trade, I will buy 1-3 contracts and plan to hold at least one overnight.
* RSI is at 94 on weekly, this is rare and it will come back down
* Yellow circles show higher closing price while stochastic %K dropped (green line)
* Stochastic %D has been in decline (red arrow)
* Price is way over 10sma around 600, and 20sma is even lower
If this week sees fear-based selling, TSLA will drop. Have to see how expensive put options are (how high IV goes). Will be looking at Monday's open and 30min chart. If I do open a long put trade, I will buy 1-3 contracts and plan to hold at least one overnight.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.