Short TSLA - Now's the Time

Tesla will no longer be included on the S&P 500 - or at least failed to make entry when 2 other stocks were allowed last month. This company is so incredibly overvalued, this is known by everyone, all I can say is this pullback looks like a TEXTBOOK A-B-C corrective wave. Various price points to watch for are a double bottom around the $340 zone or a steep correction to even the $230-$240 zone. Time will tell as always.
Official price point of invalidation is 437 (0.618 of the most recent move down)

My guess is we're seeing a mini blow-off in after hours that may continue into pre-market tomorrow.

Short interest is building fast to the bear's side.
Comment: Present Minute-Wave Count for TSLA -
Comment: SHORT IS NOW ACTIVE @ $436 per share.
Comment: Just an update too everyone, I will wait and see tomorrow's price action around the $450 level before pulling my short, Battery day hype may continue this upswing, but I'm still not fully convinced.
Short will remain in place, waiting for RSI to dump below 50 for confirmation, but given the amount of volume we're seeing with lack of price action, I'd say here is a decent area where we'll see a pullback down to the $380 range.
Comment: Short is now up 10% - Long term swing, price target is around the $250 zone.


If you wanna set yourself up for economic failure, then short
+27 Reply
RS7Meister RS7Meister
@RS7Meister disaster*
+4 Reply
jdamm RS7Meister
@RS7Meister, financial disaster*****
@jdamm, Hes probably mentally ill. That has to be the only explanation
lol retard
+10 Reply
ericisom887 MinhXTran
@MinhXTran, I love that this comment has so many likes
To be honest I don't see Tesla crashing in the coming week.

Perhaps Tesla will be subject to correction after battery day but likely it will flare up again before 27 October, because of the earnings.

I think that this stock is very strongly traded on event based occurrences (with many inexperienced traders as well joining the "party") and indeed is overvalued, but it will take some time fore we see a very serious crash. Perhaps after earnings, it will be time for shorting with big returns? What do you think?
+8 Reply
Simon0201 Dennis2406
@Dennis2406, I totally agree, like usual Tesla's price goes up and up before events, and post-event the price corrects itself ((kind of)). This is what we saw with the split and Q2 so my guess is hold and sell right after battery day depending on far she's gone?
+1 Reply
shaze90 Simon0201
@Simon0201, I believe the big drop for this stock was due to profit taking, fear and not being included in the index. The stock is obviously over valued but what stock that has any momentum isn't? Houses have been over priced since 2017 fundamentally but people keep not only buying but trying to outbid each other.
+2 Reply
@shaze90, houses are supply-constrained and required, tsla is a different monster entirely. They'll issue shares out the wazoo and it's not something people require to live
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