Shared by
beno
Fundamentals
Its Tesla.... Lots of bears but still great revenue growth that was in-line with stock price until this parabolic move
Catalysts / News / Painting the picture
-TSLA earnings, reported good numbers, in line with what Elon was preaching
-Squeezed all shorts like crazy
-Announced $2B offering today but didn't disclose pricing yet
-Price being pushed up before release of offering price
Technical Analysis
-Running all day squeezing shorts trying to play the offering
-Levels: 750, 780, 793, 815
Original Plan / Strategy
First Test long of 798 by 796 prior resistance zone
Review
Zone didn't have enough pressure for meaningful bounce, was not getting filled on ask so hit the bid. Still made small profit. Only filled one lot.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-02-13 13:04:51 | TSLA | buy | $798.010 | long |
| 2020-02-13 13:07:06 | TSLA | sell | $800.280 | 0 |
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