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mnovo
Apr 11, 2022 12:55 PM

TSLA Short

Tesla, Inc.NASDAQ

Description

in this video, we look at TSLA pre-market. we broke out to the downside as expected
Comments
Vibranium_Capital
I agree with you
shredzilla
Good analysis! I'm looking to scoop up shares into the 930-940 range
mnovo
@shredzilla, good luck, save some for lower just in case
shredzilla
@mnovo, Agree, I may actually sell puts into that range and wait for uptrend reversal signals to buy shares.
mnovo
@shredzilla, have a peek at $908
shredzilla
@mnovo, I am liking 908 more now with this recent price action and the weak close today. We could test that level by Friday or early next week. Practically a guaranteed bounce off that level on the first test. I may look for a short term intraday trade on the bounce. Although depends on how the chart develops. Mainly I want to add to my long term position on TSLA. I think a major catalyst under the radar is the potential announcement of more new factories this year and I want to build my longer term position up before the shares get re-priced on updated forecasts. Timing-wise I think we have at least a few months before that, I'd like to see rumors start surfacing first. Also would like to see a CPI print inflecting downwards which earliest may be the May report in June. So I may hold off on accumulation until we get closer to those catalysts and in the meantime just keep an eye out for shorter term trading opportunities
mnovo
@shredzilla, and earnings is on 420. ha~ puff, puff, pass elon
shredzilla
@mnovo, Haha tru dat. Might be a good day to pick up 69 shares
mnovo
New target. copy the leg to the triangle and place under the triangle for a new target. Smack dab on the 61.8!
mnovo
target met and continues after hrs
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