DamianK

TESLA dropping like gas prices... For now

Short
NASDAQ:TSLA   Tesla
Lets face it the average consumer cant afford one. You have to wait forever to get one and when you do they release a new model. Also they stopped switching out battery packs bummer. looks like you need to pay an arm and a leg once the battery loses its charge. Beautiful textbook Head and Shoulders. PLAN is to either short or buy put options with a 265 stop loss......The Fib level of .382 served as a previous top as well as support recently (GOLD OVALS) now the .382 level of the recent run up can serve as a support and potential profit taking area (blue rectangles) Also I noticed a decent amount of insider selling going on which supports my thesis.

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