After updates on the Cybertruck Tesla stock took off yesterday. It looks to extend the rally today and is offering some solid opportunity. It had been beaten down a bit which opened up some lucrative upside for this move.
The move above the 10 day moving average is a nice confirmation of this rally. The recent high of 300 is an obvious target but it may take a bit to climb that high. Looking at an Oct 20 300 call option trading at around 2.87 you can see some potential for a win.
We’ll keep an eye on this to see what happens.
Keep learning and trade wisely,
Market Wealth Daily