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gerconvery
Apr 11, 2017 10:08 PM

Nuts Idea but time to short Tesla Short

Tesla, Inc.NASDAQ

Description

Despite the monster breakout on Tesla I feel it has hit the top of a trading channel and is with a rising wedge. The momentum has carried the stock despite dire earnings and false promises. Intraday volume shows pressured selling at the top and a break of the inner wedge should see the price collapse. Expect all gaps to be filled on the way down at to be trading below 280 with further extended downside towards 200. This will be a monster move.
Comments
nfisch23
what would you use for the strike price and x-date?
gerconvery
@nfisch23 I'm not using options, trading using CFDS. But I expect around 6 months before the bigger move fully completes
mazdaki
Yes, I agree... looking for the catalyst!
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