Core Viewpoint - The article discusses the importance of the Benzinga proprietary "BBP" (Bull/Bear Pivot) indicator for traders, particularly in relation to Tesla Inc. (TSLA) and its current stock performance below the BBP level of 300, indicating that the stock is below this level, which means puts are in control [4][6] Group 2: TSLA Performance Analysis - Since TSLA has been below the $300 BBP level, it has experienced predominantly bearish price action, with a noted decline of over 12% since failing to close above this level [7][8] - Traders are advised to avoid long calls or bullish positions while TSLA remains below the BBP level, and to consider hedging their positions [4][6] Group 3: Market Dynamics and Trading Strategy - When a stock is below the BBP level, volatility is likely to increase, and dealers will trade in accordance with market movements, selling when the market declines and buying when it rises [6] - The article emphasizes the necessity of daily access to the BBP level to inform trading strategies, including the need for larger stop losses and avoiding long-term bullish exposure while below the BBP [5][6]
Here's When TSLA's Crash Will Finally Stop