Tesla sold off hard last week, and the 9 SMA is still below the 20, which is a bearish signal.
However, based on last week’s VWAP, I expect buyers to take advantage of the sell off to enter at a good price. So, Tesla should rise at least at the beginning of trading today.
Trade Idea:
Price Target: $221
Options Contract: 19 JAN 24 220 CALL