TSLQ is an ETF that bets against Tesla ( NASDAQ:TSLA ) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in NASDAQ:TSLA shares, I would use NASDAQ:TSLQ as a hedge for my long-term portfolio. The pivot point outside of the range is...
**TSLA Short ETF** NASDAQ:TSLQ Daily Chart (Bearish Scenario) : For educational purposes only, NFA. #1: Price below daily 9 EMA #2: Daily forming Bearish expanding triangle, which is bearish reversal pattern. #3: Bearish Divergence on daily RSI, which is also a reversal signal.
Massive bearish Head AND Shoulder formation with a crack below neckline. length of head to neckline = projected drop to downside. Technical Price Target of around $13.95.
Under normal market circumstances, the adviser will maintain at least 80% exposure to financial instruments that provide inverse exposure to the daily performance of TSLA. The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve on a daily basis, before fees and expenses, -100% performance of TSLA for a single day, not for any other...