Core Trade - TSLA - 6/6/2023; I am not doing CROX, X or ATVI. I don't like the R.

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Tesla (TSLA)

MRNA score: 4 out of 5

THESIS:

Price breaking and closing above the 217.65 area is what we were waiting for and it should do today.

THE CHART:

Chart Notes:

1. STOP: 210.31 (red line) - close below this on the daily and flat

2. TARGET 1: 257.05; 10/4 resistance

3. TARGET 2: 289.; 9/27 resistance

RISK/REWARD:

OPTION:

Aug 300Calls 4 or better

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Crox (CROX)

MRNA Score 3 out of 5

THESIS:

Price MUST close above the 5/30 high of 114.63 on the DAILY. If it doesn't I am off the trade.

THE CHART:

Chart Notes:

1. STOP: 101.55 - close below this on the daily and flat

2. TARGET 1: 136.29 gap bottom

3. TARGET 2: 144.06 gap close

RISK/REWARD:

OPTION:

Sept 160C 2.10 or better

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US Steel (X)

MRNA score 3 out of 5

THESIS:

Price MUST close above the 5/8 high of 22.44 on the DAILY. If it doesn't I am off the trade. Commodities do well in high inflation.

THE CHART:

Chart Notes:

1. STOP: 20.62 - close below this on the daily and flat

2. TARGET 1: 26.56

3. TARGET 2: NA

RISK/REWARD:

OPTION:

Aug 25C .91 or better

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This is not investment advice. Nothing in this document should be construed as investment advice. The opinions offered are the Author's only. This document is for entertainment purposes only. Always consult with your advisors before investing any money. Readers of this document agree that they will not use this information to make investment decisions.

DO ATTEMPT TO FOLLOW THE AUTHOR'S INVESTMENT, IF ANY. THE AUTHOR MAY OR MAY NOT INVEST IN ANY COMPANIES LISTED IN THIS DOCUMENT. THE AUTHOR IS NOT A REGISTERED INVESTMENT ADVISOR AND DOES NOT HOLD THEMSELVES OUT AS ONE. THE AUTHOR IS NOT A REGISTERED REPRESENTATIVE AND DOES NOT HOLD THEMSELVES OUT AS ONE.

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