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Well, looks like we are getting some (332k) covering. We could see more if TSLA breaks through $236...
No news, just that TSLA is due to hit the upper boundary of the regression channel.
Also known as the 5 day SMA, see pink line below. I thought it was breaking down, but it seems I am wrong:
erthquake
Active Member
stock options picks on Twitter
stock options picks on Twitter
If anyone is interested, I've learned a crazy amount from MMAssassin on tradersplayground.com. The site looks terrible. Even so. He asked me to extend an open invite to members on here as the majority of his trading is focused around Tesla and he'd love to have knowledgeable members of the tesla community discussing daily trading.
Note: I'm plugging this because hes helped me an immense amount, he isnt selling anything, ads, or trying to get anyone to buy anything. Hes just a long time professional trader.
stock options picks on Twitter
If anyone is interested, I've learned a crazy amount from MMAssassin on tradersplayground.com. The site looks terrible. Even so. He asked me to extend an open invite to members on here as the majority of his trading is focused around Tesla and he'd love to have knowledgeable members of the tesla community discussing daily trading.
Note: I'm plugging this because hes helped me an immense amount, he isnt selling anything, ads, or trying to get anyone to buy anything. Hes just a long time professional trader.
Possible explanation for some of today's action --
EPA Defies Automakers by Keeping Efficiency Standards Intact
EPA Defies Automakers by Keeping Efficiency Standards Intact
If we close at the highs on this volume then continuation at the start of next week is also possible.
I was actually talking about upper boundary shown in red below. I am (still) thinking that after consolidation over last few days we can see a repeat of last Wednesday, of sorts. Probably too optimistic, but if TSLA can top $236, there is a lot of upside...
I shouldn't have said "also known as". The channel you guys are discussing is distinct. I should have said "this uptrend has been closely supported by the 5 day". An observation I was following. It had a false breakdown at the end of Dec and it looks like that pattern repeated.
I wonder if there are a number of shorts uncomfortable holding into a long weekend. Hmmm ...I'm a comfortable long, how bout ya'll?
LoL Rick
Like Buttah
Busted through 235 in fine fashion and then 236 a few minutes later. Excited to see where we go from here.
EDIT: No additional covering after the one in the morning - yet. I am wondering if a push through $236 could motivate more...
Very long with long term and medium term positions.
Regrettably sold all short term, oops.
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