FAST_insights

Tesla ($TSLA) is in a correction mode. It seems going to $150

Short
NASDAQ:TSLA   Tesla
0
I only shorted Tesla once when it was breaking down @ 269 (GAP) in 2014, unfortunatelly I closed it too soon @ $250 ish. After that I have missed many short opportunities because I am still bullish in the markets. However with the last Tesla price action I believe it is going to $150. At that price I will be a buyer for sure. However it should not show strenght in these days, I will use the diagonal arrow pointing lower to short it as a resistance, with a stop loss at $201. I would short it before earnings only, the risk-reward is still appealing to me. Good luck with your trading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.