Wedge pattern forming at the moment for TSLA.
Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now.
Currently in TSLA options that are up 80% for next week as well as spreads for the week after. Looking to go heavy in on any TSLA dip.
Clear break above 720 is very bullish in my opinion and TSLA has had many PT upgrades and remains cheap compared to other big cap names. Many bullish catalysts such as FSD and gigafactory production coming. Q2 will likely be a blowout quarter again.
Cheers.
Price action for TSLA and NIO was very interesting on friday. Of course, NIO follows TSLA and heavy buyers came in to buy the dip on TSLA. For the first time in a while, TSLA outperformed SPY which to me is a bullish sign. I think momentum will carry TSLA now.
Currently in TSLA options that are up 80% for next week as well as spreads for the week after. Looking to go heavy in on any TSLA dip.
Clear break above 720 is very bullish in my opinion and TSLA has had many PT upgrades and remains cheap compared to other big cap names. Many bullish catalysts such as FSD and gigafactory production coming. Q2 will likely be a blowout quarter again.
Cheers.