KaizenTrader
Short

TSLA Trend Channel Short

NASDAQ:TSLA   TESLA INC
With a 3 day weekend coming up and China still a major bearish fundamental influence, I am shorting certain speculative tech stocks that will likely take the most short term punishment.

TSLA             is one of them and I like how a technical trend channel is providing a great entry for a short. I expect at least a minor selloff on Friday for traders/investors that simply do not wish to remain exposed for a third bloody Monday for equities. I may exit this position if tomorrow provides very bullish price action and proves me wrong.

This is part of an overall strategy that I have right now based on a retest of the lows we have recently seen on this pullback.
This trade was stopped on 9/16 and I have re-entered a short as of 9/28 at around $253.
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