After a down week last week, I expect Tesla to deliver more of the same.
On the daily chart, the 9-day SMA is still well below the 20. Let’s not fight the trend shall we?
And on the intraday chart, this thesis is borne out even more — the price finished at the top range of the VWAP on Friday, which sets up a potential retracement.
Trade Idea:
Price target: $205.78
Options Contract: 26 JAN 24 205 PUT