Tesla had earnings today, 3rd May AMC.
Revenue increased. Earning went into negative (last quarterly earning was positive).
One expert from M***** Fool told on CNBC that Tesla is all about future and not about earnings.
Well, he may be right. He may be wrong.
We, Superior Profit Traders trust our eyes.
And the eyes are telling that CUE Charts are Bearish.
It is at all time high.
Earnings turned negative.
And yes, Stop is narrow.
Superior Profit Traders would Short it.
As earning was today AMC, one would not Shot it just before Close of Market today if using Stock.
Using Stock, one would use Fine Tune tomorrow to Short it after a suitable entry point is found.
If one wanted to trade it before Market Close today, one could use Options; say, using Short Call Vertical. That would have limited risk and great profit opportunity. The position benefiting from Stock's drop (if it drops!) and also from Volatility crash after earning announcement.
forums.superior...me-high-8497657?pid=129558...
www.screencast.com/t/6bgovh4Ch
Revenue increased. Earning went into negative (last quarterly earning was positive).
One expert from M***** Fool told on CNBC that Tesla is all about future and not about earnings.
Well, he may be right. He may be wrong.
We, Superior Profit Traders trust our eyes.
And the eyes are telling that CUE Charts are Bearish.
It is at all time high.
Earnings turned negative.
And yes, Stop is narrow.
Superior Profit Traders would Short it.
As earning was today AMC, one would not Shot it just before Close of Market today if using Stock.
Using Stock, one would use Fine Tune tomorrow to Short it after a suitable entry point is found.
If one wanted to trade it before Market Close today, one could use Options; say, using Short Call Vertical. That would have limited risk and great profit opportunity. The position benefiting from Stock's drop (if it drops!) and also from Volatility crash after earning announcement.
forums.superior...me-high-8497657?pid=129558...
www.screencast.com/t/6bgovh4Ch
Comment:
Note that in the above post, "AMC" was used to mean "After Market Close" - not the company "AMC" as Trading View assumed.
Trade closed: target reached:
Within one day, the trade gave more than 4.5% profit. Some profit at least could be booked.
forums.superior...me-high-8497657?pid=129558...
www.screencast.com/t/jouhrdnSwD6
forums.superior...me-high-8497657?pid=129558...
www.screencast.com/t/jouhrdnSwD6