Trade Update - TSLA

BotTrigger Trade Update: $TSLA so the negative divergence on TSLA played out. We saw 2 significant reversal days of back to back selling before earnings. Those were shotgun warnings. The post earnings reaction is telling. Glad we sold higher. This will come back up, but for now TSLA can expect to see lower in the near-term. We'll be looking to reenter on this name for sure. We would expect there to be strong support around the $240 - $220 area. A capitulation low of $200 would be max pain level. Could get there but we wouldn't bet on it. Tesla is in a new, higher trading range than last quarters trading range. The range last quarter was $178.19 - $287. So that's a $100 point range that occurred on scale. The new trading range this round could look similar but if history is any guide we may see a cyclical contraction period after extremely strong rallies. Remember that TSLA just rallied from a low of $178.19 to $287.39 which is more than 60% from the lows. Now it's time to retract and retrace some of that. These things don't just keep going up higher every month. Ebb & flow cycles. Long term higher. Near-term now under pressure.