Tesla has been moving through a large ascending channel on a 4h timeframe. I do believe it has came the right moment to short sell the stock, since the stock is now struggling with the top of the channel. First target around 330 Usd. A tight stop might be placed above the top at 400 Usd. However, I would
suggest to set up a larger stop, since there is a concrete risk to see the stock going up further, to then tumbling down deeply.
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suggest to set up a larger stop, since there is a concrete risk to see the stock going up further, to then tumbling down deeply.
Do not forget to follow us on www.wallstreetimes.com
Trade active:
Trade is moving on our short direction. Keep the short until 330 Usd at least
Trade active:
It seems we were right with our prediction. We are close to take profit around 330 USd.