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TSLA Rejected at Resistance

Written By: ChartChamp

October 2, 2024

I previously posted a TSLA options puts trade setup in the white resistance zone between $264.72 – $271.23. TSLA already formed a rejection near the lower end of this range that led to a selloff. There is an Oct. 10 robitaxi event that is approaching, I think if TSLA rallies back up to $265 – $271 there could be a nice opportunity to short after the event. I have $232 as a price target in mind, and I think 2-3 weeks is a reasonable time window.

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