$Tesla Motors(TSLA)$ is having trouble getting above $385. The reveal of the roadster and earnings is coming soon. Could these be the catalyst for tsla to finally break the resistance?
$Tesla Motors(TSLA)$ Rejected at $385. I knew that level is very strong resistance, so I sold a covered call at $400 expiring this Friday to collect some premium. Hopefully tsla will find some support at current levels, the 50 simple moving average is just below. If there is a bounce I will sell another covered call. Do you think tsla can find support here or will it drop lower?
$Tesla Motors(TSLA)$ has been on a very nice uptrend since it's bottom at $298. It is however at a very strong resistance level, the 100 simple moving average. Above it is the 200 simple moving average at $$400. Will the reveal of the Roadster on October 1st be the catalyst that drives tsla stock above $400 or will it be another buy the rumour sell the news event?