Tesla was asked to recall 158,000 cars + Triangle on the 2H
Updated
Hey guys, as you might have heard, Tesla was just asked to recall 158,000 cars over safety concerns by the National Highway Traffic Safety Administration (Link: bbc.com/news/technology-55662657).
In addition we're just about to complete a triangle on the 2H. We shall not outguess the market, but after the unbelieveable run this stock had, this setting might just be a perfect short opportunity. Due to the triangle and Tesla Fanboys I would be watching both ways though. Should be played as drawn on the chart, watchout for fakeouts (-> Tight Stop Losses + might have to re-enter your position).
No financial advice, just my opinion.
In addition we're just about to complete a triangle on the 2H. We shall not outguess the market, but after the unbelieveable run this stock had, this setting might just be a perfect short opportunity. Due to the triangle and Tesla Fanboys I would be watching both ways though. Should be played as drawn on the chart, watchout for fakeouts (-> Tight Stop Losses + might have to re-enter your position).
No financial advice, just my opinion.
Note
Premarket looks pretty bullish, if the purple line gets decisively broken chances are the bad news just vaporized in a cloud of hype.Note
Updated triangle:
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