Current price is 898. Weekly trade is enter at this price level up to 910 for a close above 919.88 by the end of the week.
The yellow note in the chart is referring proprietary data that I use for identifying anomalies. Probability here is 5 out of 6 past weeks with positive outcome; therefore, 83% probability is ideal :-)
Kommentera
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End of the week is the key; however, profits can always be taken earlier and expiration dates (if trading options) can be extended out.
Models don’t simulate market crashes. QQQ just lost critical support at 320.
TSLA will not make it back through 880-900-930-950 easily. 800 may be the next but trigger…. not sure.
shredzilla
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@CAskiing, Yeah wasn't expecting such a harsh close, would've expected more support to come in. This will be interesting.
shredzilla
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I'll be looking for a test into 970 by end of week
bsdvs23
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@shredzilla, up to 1006 surely possible (compared to the 970). I'm just speaking in terms of probability based on math data models. In any event, will be watching the price action here with TSLA for performance.
shredzilla
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@bsdvs23, For sure and I am not referring to a weekly close, simply a retest
bsdvs23
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@shredzilla, I concur. We finally have the 61% retracement on the daily.
CAskiing
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Tesla is closing out of that range this week. Unlikely to close much > $900.
bsdvs23
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@CAskiing, my data models don’t worry about the intraday noise I just wait for the models to trigger variances. I have this set for 90 stocks that run weekly. Just requires one (or more of them) to breach the data points before a position is engaged (position sizing varies and so do expiration dates). Many times this will result into several single position transactions (frequency based). The degree of probability is 83% regardless of what happens during the week — patience is a virtue. So that’s where I am with TSLA “sitting on hands”.
QQQ just lost critical support at 320.
TSLA will not make it back through 880-900-930-950 easily. 800 may be the next but trigger…. not sure.