TSLA
TSLA is now retesting a breakdown below an ascending channel
I intend to short this with the bear ETF TSL for a 1.5X leverage
that way I can buy several shares and tier out of the position sequentially on progress
Once a downtrend becomes established a pull option for a few weeks expiration.
( always watching the TWTR saga and also any signs of upward price action
for EV stocks due to the supportive legislation in DC)
Trade active:
Market News Musk dumps $6B in shares - selling pressure going to go parabolic supporting downtrending !
Comment:
Out of the money TSLA put option strike $850 Exp 8/26 bought late yesterday is up 24% so far :)