I like to look at a lot of different time-frames when doing chart review and today the 60 minute chart in $TSLA caught my eye:
No matter what your bias or position may be, consider these few points:
- If you are long, protect these gains with a Stop or buy June 75 Puts
- If you are short, I would imagine you appreciate the rest here. You can buy June 80 Calls to protect against any more up movement
- If you have no position, what is the higher probability move here over the next few weeks?
- How much of the short interest has covered?