Here’s my fresh read on Tesla heading into Wednesday’s session
1️⃣ Market Structure & Price Action
* Clean breakout attempt: TSLA pierced the descending trendline drawn from last week’s highs and closed around $429, holding above the 9 EMA and reclaiming short-term momentum.
* Support shelf: $421–422 zone (prior supply) flipped to support. This is the first line of defense on any early dip.
* Upside pivot: Price is grinding along an ascending intraday trendline that points toward the $435–440 area if momentum keeps up.
2️⃣ GEX (Options Flow) Insight
* Call dominance: Call flow is heavy with ~90% call premium, IVR ~19.6 (low), and IVx ~65.3 (normalizing).
* Big call walls: $432.5 and $436 show strong gamma with 67%+ call concentration, which can attract price if bulls stay in charge.
* Put defense: Major put support sits at $412–417.5. A break below $412 would flip sentiment and invite a fast move to $400.
3️⃣ Trade Thoughts
* Bullish swing / scalp: Buy pullbacks into $423–426 with a stop under $421. Targets $435, stretch $440+.
* Bearish fade: Only if TSLA loses $421 and the hourly closes below it. First target $409, extended $400.
4️⃣ Option Angle
* With call interest stacked and IV still moderate, short-dated call spreads or debit spreads around $430/$440 look attractive for a measured upside shot.
* Aggressive traders could sell puts below $410 for premium, but that’s only if you’re comfortable owning shares on a breakdown.
5️⃣ Personal Take
I like the constructive action. Tesla cleared a multi-day squeeze and is running with the broader tech bid. As long as $421 holds, the path of least resistance is up. I’m watching volume on any morning retest—if buyers show up, I’ll lean long.
Disclaimer: This commentary is for educational discussion only and not financial advice. Always do your own research and manage risk before trading.
1️⃣ Market Structure & Price Action
* Clean breakout attempt: TSLA pierced the descending trendline drawn from last week’s highs and closed around $429, holding above the 9 EMA and reclaiming short-term momentum.
* Support shelf: $421–422 zone (prior supply) flipped to support. This is the first line of defense on any early dip.
* Upside pivot: Price is grinding along an ascending intraday trendline that points toward the $435–440 area if momentum keeps up.
2️⃣ GEX (Options Flow) Insight
* Call dominance: Call flow is heavy with ~90% call premium, IVR ~19.6 (low), and IVx ~65.3 (normalizing).
* Big call walls: $432.5 and $436 show strong gamma with 67%+ call concentration, which can attract price if bulls stay in charge.
* Put defense: Major put support sits at $412–417.5. A break below $412 would flip sentiment and invite a fast move to $400.
3️⃣ Trade Thoughts
* Bullish swing / scalp: Buy pullbacks into $423–426 with a stop under $421. Targets $435, stretch $440+.
* Bearish fade: Only if TSLA loses $421 and the hourly closes below it. First target $409, extended $400.
4️⃣ Option Angle
* With call interest stacked and IV still moderate, short-dated call spreads or debit spreads around $430/$440 look attractive for a measured upside shot.
* Aggressive traders could sell puts below $410 for premium, but that’s only if you’re comfortable owning shares on a breakdown.
5️⃣ Personal Take
I like the constructive action. Tesla cleared a multi-day squeeze and is running with the broader tech bid. As long as $421 holds, the path of least resistance is up. I’m watching volume on any morning retest—if buyers show up, I’ll lean long.
Disclaimer: This commentary is for educational discussion only and not financial advice. Always do your own research and manage risk before trading.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.