TSLA (Tesla Short) Short

Tesla, Inc.NASDAQ

Description

⋅ Sep 18, 2018 6:50 PM

Whats up Traders,

We're shorting tesla again. See chart -

Quite frankly, the stock has ben a dog for a while now. The SEC investigation news was the nail in the coffin.

Target Price - 260-250
Stop Loss 305ish

Comment

⋅ Sep 25, 2018 2:41 PM

This chart is still active - I expect TESLA to retrace majorly soon. It seems to be consolidation a the moment.

You can actually paint a down trend resistance line that touches the:

June 15, June 29 Highs through this current spread.

If TESLA breaks through this line and confirms, i would cancel this idea.

Comments

WillNixTrading

⋅ Sep 19, 2018 5:36 PM

Surprising Price Rally today - still SHORT on it. Expecting that the 305 SL should be A OK. Lets see what happens -

SunnySra

⋅ Sep 19, 2018 7:58 PM

@willn12416, With the success they are having in production this quarter, shorting is not a good idea.

WillNixTrading

⋅ Sep 25, 2018 2:42 PM

@SunnySra, Disagree, that it is dangerous to short ATM. Agree, I wouldn't gamble on the earnings report

I would expect their earnings to improve, though, i agree with you there.