Tesla
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$TSLA should be a fun week !

After making good $ on shorting Tesla from the triangle break down, I'm re entering Long weekly calls speculating on a nice move in the coming days back to 1000 zone resistance.

Barring any further market weakness I like the setup on Tesla here long :

ER this week so expect a run up to earnings
Bullish Hammer candle with high volume
Key Resistance at 1000 level , trading now at about 930
Oscillators and Indicators appear to be bottomed, expecting a turn here

Plan is to trade the "pop" up to 1000 level and then take profits as I never play Tesla earnings. For those with more risk appetite in options through earnings remember that previous support becomes resistance so it's very possible we get a pop up to 1000 level only for a possible ER dump to follow. One thing for sure is IV can be crushed after so keep that in mind.

Most bullish scenario is pop up to 1000 and then ER moon shoot 1060/1070 zone .


Either way, looks like a lot of shorts have covered and a good R/R to play at this price long IMO.

I'm in weekly 1000C , currently up 40% and holding for more upside.
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