SRPP Update: TSLA Update

Power Plays Update: TSLA

By Scott Redler

Tesla (TSLA) is selling off on a downgrade, and the stock broke into our $183 to $186 danger zone outlined in the original alert.

Hopefully, you got out when that happened.

For Power Plays, I'm going to use my traditional strategy when a name gaps against me.

I'll use the low of the opening 30 minutes as the new support pivot.

If Tesla breaks into the $178.66 to $180.66 range, I will look to exit from Power Plays.

And if it holds up above that range, I will reassess it later to determine the best next steps.

Stay tuned for more updates.

-Scott

Scott Redler Positions Disclosure as of 2023-03-08 at 8.08.09 AM

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