NASDAQ:TSLA
TSLA is now retesting a breakdown below an ascending channel
I intend to short this with the bear ETF TSL for a 1.5X leverage
that way I can buy several shares and tier out of the position sequentially on progress
Once a downtrend becomes established a pull option for a few weeks expiration.
( always watching the TWTR saga and also any signs of...
UP AND DOWN IS THE WAY SHE GOES ~
IF ONLY WHICH WAY THE TRADER COULD KNOW
SCALPS TODAY MAY BE BEST ~
WILL YOU SURVIVE THE ULTIMATE TEST?
I USED ELL. IMPULSE WAVE TO NUMBER HIGHS AND LOWS, NOT TO BE MISTAKEN FOR TRUE ELL. WAVE ANALYSIS.
I want to increase the number of post for Stock markets, and add big companies in my list too. It will be interesting to compare how different TA tools and strategies work in Stocks markets with different capitalization. Today, I think, Tesla company looks interesting for buying. The price dropped from highs, and now it stays below 300.00 - the 1st support level....
Price action close on Friday should lead to prices retesting the 13.50s. We have a solid support level along with some bullish momentum divergence. We also saw volume increase as prices faded back to the opening prices of 5-21. Institutions holding this stock would not want to see it break back below 11.00 from here, but you should give yourself room below this...
