Discover more from Advised Trader
Update on $TSLA peak
Tesla has fundamental interaction from its stock split, and it started its 40 week cycle late May
which is earlier than averages. Therefore its 20 week cycle is forming here in the next few weeks.
TESLA cant hold the market, but today it is creating a trap for buyers at 314.00.
Sell this volatility and collect premium as it hits the 40 week FLD from below, and the market sells off this week.