TSLA D1 - is extended and getting rejected from a zone

TSLA D1 - is getting rejected from resistance. It should struggle to break through given it almost doubled in price within a month. Good zone to initiate an option spread. I wouldn't short it with stocks, there are too many emotional traders chasing TSLA. But volatile stocks provide good opportunities if traded with limited risk as reversals from extended key levels.

Kommentera:

The last two days are 'inside days' on lower volume which indicates that there are no sellers.