Trade Idea: TSLA call Swings

29 Jul

TSLA went to my last bullish price target and has retraced near a small volume shelf approaching the 618 retracement. $212.91.
- Recently had earnings causing a 10% drop in stock price

💡 Trade Idea: 8/-16 $230 calls

Primary price target of **$248.95**
- `Based on Fib Retracement levels`
- `Massive Volume Shelf at 250`

Secondary price target of **$261.71 - 272.80**
- `Based on Fib Extension`
- `Volume shelf at 260`

I will have a stop loss at $219
or
wait until we are at the GZ @ $206.98 with a stop @ $202