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Falling Wedge in TSLA

Home › Forums › Swing Trades › Falling Wedge in TSLA

  • This topic has 1 reply, 1 voice, and was last updated 8 years, 3 months ago by Steven Place.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • March 18, 2014 at 12:32 pm #2480
    Steven Place
    Keymaster

    Great looking pattern here:

    tsla

    Here’s how I’m going to trade it:

    Buy to open TSLA Mar/Apr 260 Call calendar

    Here’s the thinkorswim order:

    BUY +1 CALENDAR TSLA 100 APR 14/MAR 14 260 CALL @7.00 LMT

    Stop 230.

    Intent here is to let it run and then just hold the April 260 calls straight up.

    tsla

    March 21, 2014 at 9:44 am #2481
    Steven Place
    Keymaster

    TSLA hit my stop of 230, ran past it and bounced back up to it.

    I’m going to bail here as this pattern has deteriorated. If TSLA starts to reattempt 245 I’ll be interested in a long again.

    tsla

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