TSLA Testing Key Support! Is a Rebound Coming or More Downside?
Technical Analysis for February 27, 2025:
1. Current Price Action:
* TSLA has been in a sharp downtrend, currently hovering near $286 after breaking critical support levels.
* The price is consolidating at a high-volume node (POC: $290), suggesting a possible reaction.
* A falling wedge pattern is forming, which could signal a potential reversal if TSLA breaks out.
2. Key Levels to Watch:
* Support: $280, $249.89 (Major long-term support).
* Resistance: $290-$297 (POC - Major volume area), $315 (Gap fill and key resistance).
* Upside Targets: $315, $346.95, $367.30 (Potential breakout zones).
3. Indicators Analysis:
* MACD: Deep in the negative, but a possible crossover could hint at reversal momentum.
* Stoch RSI: Oversold, indicating the potential for a bounce.
* Volume Profile: Heavy resistance at $290-$297; breaking this level could push TSLA toward $315+.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $315, $350, $367 → Resistance areas; gamma squeeze potential above $315.
* Put Walls: $280, $249.89 → Key downside risk zones.
2. IV & Sentiment:
* IVR: 67.8 (elevated)
* IVx Avg: 74.2 (moderate) → Still favoring option sellers.
* Call Positioning: 30.1% bullish sentiment.
* GEX Sentiment: Strong negative bias; put-heavy positioning favors a controlled downside move unless $290 is reclaimed.
3. Trading Suggestions:
* Bullish Setup: If TSLA reclaims $290-$297, consider long positions targeting $315-$350, with a stop at $285.
* Bearish Setup: If TSLA fails at $290, short opportunities with targets at $280-$249, stop at $300.
* Options Play: Selling put spreads at $280 support or call spreads near $350 resistance.
📌 My Thoughts & Suggestion:
* TSLA is at a make-or-break zone at $286-$290; holding here could set up for a strong bounce.
* If downside momentum continues, $280 and $250 are key support zones.
* Wait for confirmation before jumping in aggressively, as IV remains elevated.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
1. Current Price Action:
* TSLA has been in a sharp downtrend, currently hovering near $286 after breaking critical support levels.
* The price is consolidating at a high-volume node (POC: $290), suggesting a possible reaction.
* A falling wedge pattern is forming, which could signal a potential reversal if TSLA breaks out.
2. Key Levels to Watch:
* Support: $280, $249.89 (Major long-term support).
* Resistance: $290-$297 (POC - Major volume area), $315 (Gap fill and key resistance).
* Upside Targets: $315, $346.95, $367.30 (Potential breakout zones).
3. Indicators Analysis:
* MACD: Deep in the negative, but a possible crossover could hint at reversal momentum.
* Stoch RSI: Oversold, indicating the potential for a bounce.
* Volume Profile: Heavy resistance at $290-$297; breaking this level could push TSLA toward $315+.
GEX & Option Strategy for Tomorrow and the Week:
1. Gamma Exposure (GEX) Insights:
* Call Walls: $315, $350, $367 → Resistance areas; gamma squeeze potential above $315.
* Put Walls: $280, $249.89 → Key downside risk zones.
2. IV & Sentiment:
* IVR: 67.8 (elevated)
* IVx Avg: 74.2 (moderate) → Still favoring option sellers.
* Call Positioning: 30.1% bullish sentiment.
* GEX Sentiment: Strong negative bias; put-heavy positioning favors a controlled downside move unless $290 is reclaimed.
3. Trading Suggestions:
* Bullish Setup: If TSLA reclaims $290-$297, consider long positions targeting $315-$350, with a stop at $285.
* Bearish Setup: If TSLA fails at $290, short opportunities with targets at $280-$249, stop at $300.
* Options Play: Selling put spreads at $280 support or call spreads near $350 resistance.
📌 My Thoughts & Suggestion:
* TSLA is at a make-or-break zone at $286-$290; holding here could set up for a strong bounce.
* If downside momentum continues, $280 and $250 are key support zones.
* Wait for confirmation before jumping in aggressively, as IV remains elevated.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading. 🚀
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.