TSLA Follow up & Trading PANW Options
Rejection at resistance usually means more downside. Plus, a new trade idea.
We have a full week of trading in front of us with a few great trades already in work.
SQ bounced off of support as expected and continues to power higher, looking to take another shot at the first profit target this week and with enough momentum it could start to seek out $90.
If you rolled those calls forward, you are set up nicely for another move up.
For a complete look at the trade idea for SQ, check out the March 19th newsletter.
Another trade that is taking form is for TSLA. The rejection off of resistance was followed by second red candle which gave shorts reason to enter the trade at the end of last week.
This rejection was also just above/near the trendline that shares have not been able to sustain a move above since the start of the year.
For complete details on the TSLA options and trade ideas I outlined last week, upgraded subscribers can find it all here.
And following PCE numbers that were in line with expectations, I think we are going to see a lot of trading opportunities open up.
I am looking for more upside and if PANW decides to break out of its recent consolidation, I like it for a big move and quickly.
Here are the details around the options I’m considering trading, key levels to trade, and both the bull and bear thesis.
It is going to be an exciting week!
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