TSLQ is an ETF that bets against Tesla (
TSLA
) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in
TSLA
shares, I would use
TSLQ
as a hedge for my long-term portfolio.
The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply that
TSLA
's stock price would be approximately $95.
TSLA
) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in
TSLA
shares, I would use
TSLQ
as a hedge for my long-term portfolio. The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply that
TSLA
's stock price would be approximately $95.