Tesla has been sitting under a very strong role reversal gap fill resistance area for quite some time now. We keep seeing this negative divergence between price action and volume as well. I think the likelihood of a breakout above the area is slim because of my views on the broader market. Options traders should give themselves time with this one and roll your stops down as the market slips. Nobody is talking about the 800,000 vehicles they have to recall... I don't want my idea to get flagged so just google "CNN 800,000 TESLA CARS RECALLED"
I see no recalls. What is this recall you speak of? Until TSLA breaks the strongest upward trend (around 860 currently), it isn't staying down. Blackrock and Vanguard have bought a boat load recently.
jackohgorman
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Deadcat bounce today?
OptionsAddicts
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@jackohgorman, I don't know what it was but it was crazy
jackohgorman
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@OptionsAddicts, Yeah I closed my position because the overnight SI on my broker is ridiculously high. Rather day trade this thing,