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RT_Trading_
Oct 31, 2021 10:21 AM

Tesla Short Short

Tesla, Inc.NASDAQ

Description

Hi Traders,

This is one of our latest ideas on Tesla.

After seeing an extension from the 10/20 EMA as well as a spike in volume with divergence on 4H RSI taking into consideration "cause and effect", we should see a solid movement here and a retrace to the 50/618FIB and back to trendline - testing the 200MA and daily 200MA.

This is a 1:14 risk to reward.

Please see below for further details on us.

TH from RT_Trading
Comments
CAskiing
Won’t fall under $1000 again in the short term.
North_Eagle
Share my Idea with you
Rico_Tyrone_Bueno
TSLA is a swinger and she'll go down on you hard, and with teeth and while her teeth might not be real, dentures can snip you too. TSLA dipped by more than 7% in a single trading day. Id bet on a 4% dip from current highs before rising to shine somewhere Lucky-$13 baatch...
LeLaf
Shorting Tesla is always risky. But it may need to fill the gap back to 900$. Nice chart!
HansStein4
Thanks for your work
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