TSLA
If TSLA reaches the price of 282.51, the next target to consider is 284.25, which presents a significant level of resistance. Should the session close above 284.25, I plan to allocate my entire investment into 4-week expiration options. My target objectives are set at 290, 300, and 314, with the expectation of achieving these levels prior to the earnings day. This may introduce a certain level of uncertainty during the earnings announcement.
I intend to secure my initial investment when the first target price is reached, allowing the remaining profit to continue growing. If the price surpasses 300, I will cash out 75% of the profit, taking advantage of the positive momentum.
In a bearish scenario, where the closing price falls below 276.31, I anticipate a potential decline towards the $265.10 range before the earnings report. However, should the price close below $265 at an earlier time, I foresee the possibility of a reversal towards the $190 range in the coming months.
The recent session's closing pattern and the overall condition of the chart offer encouraging prospects. Personally, I hold a bullish outlook, expecting TSLA to reach its all-time high of $414 by the end of the year. Nonetheless, it is essential to acknowledge the presence of market fluctuations. Depending on your chosen trading strategy, whether it involves day trading, swing trading, or position trading, these key levels can be used to fine-tune your positions. I personally favor swing trading based on these identified levels.
I would greatly appreciate hearing your opinions. Best of luck with your endeavors
