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tradearcher
Jan 10, 2015 5:26 PM

What a shock? TSLA Short

Tesla, Inc.NASDAQ

Description

Notes on chart
Comments
mazdaki
Notes on the chart are hard to read. please post them in the comment section.

tradearcher
Luckily you caught me before I left.

While Tesla makes some nice cars, investors have diverted their funds elsewhere for the near term looking for better long opportunities. My MF lines are not bold and the MACD recently turned bearish. If trying to play long, look elsewhere or use tighter stops till the negative momentum subsides.

Lastly the last 8 closes have been below ema50 and ema200 indicate short positions dominate for the time being.

Obey your rules
BornToBeTrader
Use the zoom function :D
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