Tesla is very hard to judge at the moment.
The Hagopians indicate, that there is much uncertainty in this stock.
For now, I see two scenarios:
a) price is breaking the U-MLH of the white fork = next target U-MLH of the blue fork.
b) price fails to break out to the upside = next target blue centerline
In such situations, Theta traders are very well suited.
It does not matter where price is going, just not too fast - and this is the only caveat it see for a Theta trade here.
So, what's a trader to do?
Take risk in any direction or collect some premium?
...there's another way too: Do nothing with Tesla and let this young calf enjoy spring and letting it jump around §8-)
P!
The Hagopians indicate, that there is much uncertainty in this stock.
For now, I see two scenarios:
a) price is breaking the U-MLH of the white fork = next target U-MLH of the blue fork.
b) price fails to break out to the upside = next target blue centerline
In such situations, Theta traders are very well suited.
It does not matter where price is going, just not too fast - and this is the only caveat it see for a Theta trade here.
So, what's a trader to do?
Take risk in any direction or collect some premium?
...there's another way too: Do nothing with Tesla and let this young calf enjoy spring and letting it jump around §8-)
P!