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https://www.benzinga.com/news/large-cap/23/06/32992238/tesla-crashes-after-hitting-key-resistance-disappoints-breakout-hungry-bulls-will-the-ev-maker-fal?utm_campaign=partner_feed&utm_source=robinhood.com&utm_medium=partner_feed&utm_content=ticker_page
Then there's hit pieces like this that call 3% a "crash" and only 2.5% for the week. Uses 2021-2022 as signals yet fails to acknowledge that these were induced by geopolitical issues and not fundamentals belonging to the company. Market wide, the same poor journalism could be written for the majority of companies. I hate seeing hacks passing themselves off as professional...
Well it's available to order on their website... so there's that.
https://www.tesla.com/cybertruck
Time to restake with the consolidation out of the way. GLTA Monday.
One thing about Tesla it always does what you least expect. That I do know for certain. I'm inclined to believe 220 is possible now, but knowing it's history, the largely anticipated release of news could send it to 280 on Monday as well. Either way, it won't stay here for long.
I don't care who you are. That's funny right there. The king of social media trolls can only be out trolled by his mom. XD
That alone is priceless and wholesome.
This might be the surprise weekend headliner for a Monday jump. I'm call heavy. Looking good.
Haye days like this. Consolidation point: 253-264. Setting up to Harvest Jul-19th earnings. We need big news either direction to shake up volatility.
A 50/50 spread is one unit in my head. 1:1 call:put. When sell one, it's for profit. When sell the other half it's for salvage.
Opening a new spread with the profit holds no bearing to me on where the salvage point is at if that makes sense.
So in terms of one leg doing good or bad, consider how the entire spread faired.
How did your calls fair?
Sold the put leg and restaked 50/50 with the proceeds. Waiting for the next wild ride.
Considering that Twitter is not an Australian asset and he is not an Australian citizen... hot air. Their gimpy speech laws apply there. So legality sake: they can only block access to Twitter for their people.
Reaching that 'Do or Die' point and 264 is intersecting. If it doesn't close above it, tomorrow is already looking shaky. Premarket will set the new momentum.
New HoD. Broke through 264 resistance. If 264 holds as new support we'll close at 268
A lot of negative news while price climbs. They're loading up. This is too easy to see. It's comical.
I might jump the shark and enter again early. Buildup here is looking promising.
I'm going to do a 50/50 spread at end of day for next week. Theta will devour options until then.
Easiest swing trades ever. I'm out. GLTA.
Consolidation until lunch. Margins will narrow now.
Was a little lower than expected, but still the resistance is holding. Their playbook is getting too easy to read.
Small pullback to 258 before climbing to 263 over the next 2 hours.
About 15minutes to pass 260 before it cools off. But this reversal sets up for a great Friday.
Sold the puts for profit and snuck in calls with half of it.
Can't be right every time. Dropping further than I expected, but it's definitely dropping too much too fast.
This is the bottom. Going more calls than puts.
Definitely did good at 260 though. Now it's gonna close at roughly 268. Tomorrow I expect a good open as a cup forms and peak at yesterday's high about 30m - 1 hour after open.
Thanks. I was expecting a flip though past that yesterday and sold all calls, restraddled 50/50 on 270. Did not expect 277. Nor today.
Overbought pump in the last hour. Time grab puts.
Expecting some pull back from here. Predict 266-267 close.
Until something with solid foundation comes in to lead this to a competitive level of steam and epic, gamestop is far from a front-runner in gaming. This needs innovative ideas. Else it's doomed to slide down further. Doesn't matter who the ceo is.
Looking set for high of 270 today. The patterns are there.
For today though,I believe the key resistance to form a bullish penant will rely on 435-437.
A green open is certainly promising.
Yeah I agree although it won't be with skepticism at first. Most of the uncertainty with Semiconductors lay with leading powers tension. The future was shaky. One side or the other grabbing all of the 'chips' in this high stakes poker game, and it is indeed looking like China... will at first be rejected by U.S. markets, but then the valuation and demand will drive this thing into the stratosphere within the end of this year. It all depends on how this develops from here.
If infrastructure of manufacturing is damaged, it'll be bad. Loss of key personnel, also bad. Be ready to go liquid on the one. Breaking news can send it either way in a heartbeat, but I specifically look for the most volatile tickers.
Hey and this will go to 195!!!! LIKE TESLA!!!!! We know your position.
THIS is the catalyst the world has been waiting for on a great number of things. Semiconductors are at the top of the heap. Get ready for $500
https://www.reuters.com/world/china/blinken-wrap-up-rare-visit-china-may-meet-xi-jinping-2023-06-18/
No it isn't. It's only starting. Talks between Secretary of State and China with Taiwan at the pinnacle of the discussion is all things Semiconductor and ultimately gpu chip related. This next week and how that develops will impact this is BIG ways.
Apologies. *pullback Tuesday morning. Closed on Monday.
As I stated Wednesday. This pulled back. But we're lined up exactly where I thought it would be. Expect a massive dip on Monday as bears attempt to drive it down to repel the following jump. Monday will close 265 and Tuesday will follow this jump. That's my prediction at least.
Mmmmm nope.
Technicals don't lie. New 52wk high.