$Tesla Motors(TSLA)$ amazing run from tsla breaking the 100 and 200 sma. This could be the start of another epic pump. if price can pull back to the 200 sma around $405 it would be the perfect entry to buy, no guarantees that it will get there, when tsla moons it usually leaves everyone in the dust. At what price will you buy tsla stock?
$Tesla Motors(TSLA)$ managed to break above the 50 sma at $385. The next resistance is $410 where the 100 and 200 sma is, that is also the level where tsla got rejected during the earnings. If the Spx can continue to go higher then there is a good chance tsla can break that resistance but the indexes are overbought so I am cautiously optimistic cos it can remain overbought for a long time. Do you think the spy and qqq can go higher or are we topping?
$Tesla Motors(TSLA)$ stock fell after Musk announced increased capital expenditures. The Same happened to amzn stock, after a drop it consolidated for 2 months before breaking out to all time highs. I believe tsla could trade sideways for awhile. If price can break above the 50 sma at $385 and hold above it then that would be very bullish.
$Tesla Motors(TSLA)$ what a ripper rally last week! Got caught off guard 🫤 sold a covered call that went deep in the money sigh 😞 I will have to keep rolling it out very far in time to sell it at a higher strike. With such bullish price action the bottom is likely in. If you are bullish on tsla every tiny dip is a gift. I believe tsla will make a new high by June before selling off as investors take profits to invest in SpaceX IPO. Are you buying tsla stock or waiting for SpaceX ?