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mnovo
Feb 17, 2020 4:42 PM

TSLA still recharging Short

Tesla, Inc.NASDAQ

Description

Getting weaker and will soon search for lower support levels. I still have my eyes on a 40%ish support level
Comments
s.giridhar.s
do you still support the theory after today's pop?
mnovo
@s.giridhar.s, YES. This may be the bounce to $900
mnovo
@s.giridhar.s, Just make sure you have your stops set
mnovo
@s.giridhar.s,
Nvidia4
Hello my English not very good.

Everytime you say Tesla is getting weaker, and short, Tesla goes higher.

You have been wrong for weeks now.... How much longer before you are correct?

Months? Years?

Please help thank you. Best wishes.
mnovo
@troyjason, ok. I will play along and assume you are being sincere and not trying to get my goat. Either way. If your stops were triggered at this point and you feel the need to get back in, by all means, follow your strategy. My strategy says no. While TSLA is headed to attempt a new ATL, the price difference is too high above the 20EMA for me to care. It seems the 20 and 50 EMA on the hourly seems to dictate bounce points. I think the following entries there and selling the pumps is better for me. These moves are sell signals for me not buy. When we sell healthy pullbacks and bounces I will consider entering. Gap ups and downs are messy and I prefer to avoid altogether. Till then, I am in other trades until they exhaust. What is your strategy going forward from here?
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