BitcoinShane
Short

Shorting Tesla Until 203 (4H sell signals)

NASDAQ:TSLA   TESLA INC
Insync Index showing a bounce off the 4 hour 75 line signaling bearish . The 4 Hour Stoch RSI is sloping downward after peaking at 100. Macd crossed downward and i drew lines for its future macd and MA lines. My prediction for TSLA             price is drawn on the candlestick chart, im under the assumption that the recent 10% spike needs a little profit taking and some indicators need reset. Bearish on TSLA             for the next 2-3 days, hoping to see it bounce off 203. If that were to happen of course id buy in long.
mazdaki PRO
2 years ago
If you think this is temporary may not be a good idea to short for a couple of bucks and a day or two. If the Space X launch is successful this may take off big.
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BitcoinShane
2 years ago
I want aware of a large correlation between space x and tesla. When a launch was a failure did Tesla stock plummet? Most of the trading I do involves leverage and miniscule fees a 7 dollar drop ( I shorted 210.4 ) is enough to take profit off of, but space x was something I hadn't considered
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mazdaki PRO
2 years ago
on the space X, a failure is expected, but a success adds to Elon's Rock Star status.
Also there is good correlation with oil (USO) for tesla, Crude has been on a uptrend and out of recent downtrend also.
So there are a combination of things going on and this stock can move to the up on downside on a dime.
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mazdaki PRO
2 years ago
In addition, the stock is out of the cloud on the up side on a daily basis and that is a bullish indicator.
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