This is a close-up of our TSLA 240 Minute Trading Model. Note how price bounced off of it's ATR line three times in the past few weeks, with shares making substantial gains after the first two bounces. The third bounce is happening as I type and will unfold over the next two days. Either TSLA pops toward $280-300 now, or, it is likely to suffer a close below the ATR line, which would be a "take profits" trigger awaiting the next Buy entry. TSLA - ATR Bounces TSLA - 240 Minute Trading Model If TSLA were to close below its ATR line my first task will be to identify the next set of calls to buy when price action sends an "all clear" message. More on that if and when we exit the current Sep 15 $200C. Based on first first two hours of price action, its more likely price is going higher still. In that case, new positions ideas will come from the two option expiration tables below. TSLA - Best Bet Calls for an imminent Wave 3 advance. Sep 15 (93 days) Dec 15 (184 Days) TSLA's all time high is $414.50 in November, 2021. Once price starts approaching the $400 level from below, financial media talk and expectations for a new all time high will crescendo into a self-fulfilling prophecy taking the calls above to heights hard to imagine today. TSLA - Long Term (Weekly)
