TSLA
TSLA on the daily chart has a megaphone pattern showing increasing volatility as the price action is downward.
Supportive and resistance trendlines are touched multiple times. At present, the price is also at a horizontal S/R line being the 2021 year high.
Another horizontal line is the double bottom of Spring 2021 forming a support zone.
My analysis is that TLSA will downtrend from here heading down until the mid-Fibonacci
retracement levels and perhaps further to support zone at 188-208 and potentially lower
if short sellers aggressively gain directional momentum.
I have taken an out-of-the-money put option with a strike of $ 200 for October 21st mindful of the earnings date.
تم فتح الصفقة:
TSLA down by 3% at the lunch session. the bear ETF - TSLQ is uptrending as the inverse,
Nothing to suggest a reversal of the downtrend right now