TSLA halted at 190 as expected. Can it bounce off top of buy channel?
- As shared previously, 190 is a key level to get past (many crosses previously)
- Big rejection to keep price action below 190
- With every breakout, it always backtest. So tsla need to bounce off top of buy channel at 185/186
- Falling back into buy channel would mean a fall to 180 and then 172 (where MA5 yellow and MA50 blue will support too)
- As long as MA5 remains above MA20, am still bullish for now (until the debt ceiling is clear)
- Big rejection to keep price action below 190
- With every breakout, it always backtest. So tsla need to bounce off top of buy channel at 185/186
- Falling back into buy channel would mean a fall to 180 and then 172 (where MA5 yellow and MA50 blue will support too)
- As long as MA5 remains above MA20, am still bullish for now (until the debt ceiling is clear)
My Watch/Plays
- Sold short covered calls on Tuesday
- Maintained all sold puts for now
- Still looking to add depending on how the buy channel gets supported
- Sold short covered calls on Tuesday
- Maintained all sold puts for now
- Still looking to add depending on how the buy channel gets supported
Good luck, all!
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AsphenOP : @71585225
Shroomie : I don't know what you saw, but we broke past 190 and bounced off it twice (tested it) and hit almost 193...
AsphenOP Shroomie: haha.. ok. it closed below 190 is what matters. was a big wick at the top which means rejection is strong.
天空 Shroomie: It's almost 193, are you still holding it in your hand
Shroomie 天空: Nah.. I'm still shorting it. I hope it drops more tomorrow
AsphenOP Shroomie: push past just intraday is not good enough indication that price can stay above.
a big wick above is a show of rejection and often leads to a sell down.
often it can also be used by market makers as a bull trap in sucking in buyers and then drop it.
天空 Shroomie: I see. Whichever position you are empty, the Air Force must be careful; this is unlimited
icezzz : How about Amd? Looks bearish. What’s your trading plan?
71585225 : The trend is changed. It will continue to face sell off.
71585225 : As i mentioned before, I am waiting for TSLA to test its low. I am patience and be displine. I am fine if it won to back to test its low. ;
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