ChristopherCarrollSmith
Long

Tesla breakout tomorrow, either up or down

NASDAQ:TSLA   TESLA INC
By end of trading tomorrow, Tesla will break out in either the upward or downward direction. For a long play, shoot for about 225 entry point in the first hour or 225.65 in the second hour and set a pretty tight stop loss.
Comment: Breakout was downward. I picked up a small short position this morning after channel break.
Comment: Tesla's upward triangle breakout today tells me it isn't truly entering a new down-cycle, it's just establishing a wider, gentler upward channel.

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