TSLL trade ideas
short scalping the double topreviewing price action from the bullish breakout of the AB-CD pattern. Tsla 1.5 etf NASDAQ:TSLL is showing overbought w/ AMEX:SPY looking to turn down from $424.50 area to possibly $420-421 im grabbing some puts here...
not trading or investing advice. do your own due diligence
TSLL - a leveraged TSLA ETF sitting on dynamic support LONGTSLL moves more than TSLA as it is leveraged. TSLA is volatile for a large cap and
TSLL is TSLA high octane verison. TSLL on the anchored VWAP bands has bescended
into the undervalued and oversold zone supported by teh thin red line the second
standard deviation below VWAP. It hit a pivot high in early July hitting the thin red
UPPER VWAP line about the, I analyze a reversal is coming with the final leg down
coinciding with the general market moves this week. Price is obviously below then
mean VWAP and the POC line. I think the rubber band effect and bargain buying will
propel it upward as may and short sellers liquidating their positions. I will take
a trade of a fiar amount of stock shares as well as entertain some call options.
If a trader is curious to my levels of interest leave a comment.
TSLL | Tesla Bull ETF Oversold | LONGThe fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.
TSLL | Tesla 1.5X Bull ETF | OversoldThe fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of TSLA and financial instruments, such as swap agreements and options, that provide leveraged exposure to TSLA. The fund is non-diversified.
TSLL 1.5 Leverage TSLA PLAY LONGNASDAQ:TSLL
TSLL has risen 16% above a double bottom this week. Minor Resistance will be support
once broken. Rising Relative Strength on the RSI shows no divergence.
Inflow volume is consistent with the price action.
I see this as a cheap play on the TSLA uptrend with multiple shares able to
scale in and take partials on the way out. TSLA is in a cup and handle approaching
a bullish breakout.