Updated

Two Potential Danger Dip Points on TSLA

To see Tesla retrace these regions would not be surprising, but it would be scary for investors in TESLA. A dip to the first trough would likely trigger a sell-off, and a trace to the bottom trough-point would be disastrous. That said, TSLA has found a lot of support around 485-487 and is currently holding above 490. It is just that these reversals on this volatile stock could reach the bubble popping scenarios that many keep thinking are imminent.

While it may or may not be, the flagged points with the green arrows are major "Uh oh" points should they be negatively-realized.

This is just this trader's take, and two points to keep an eye on if reverses.

This is neither calling for a LONG @ 485-495 nor a calling for a SHORT. The range it is realizing today is promoting some sideways trading and consolidation, but TSLA is a stock that really cannot be even "napped on."

Thanks everybody.

-BDR

Note

The support @ 485 fell through: Dipping to 482. Buckle up, Perhaps...

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Now, STOP-LOSS set at 475.46 - To prevent me from "overruling" myself. TSLA is finding good support right at 480, but there could be big tumbling and 475/s will be very minimal loss with Avg Cost of position @ 486.62.

This is also not serving as "advice," but it is what this trader will be doing.

Note

Sell order executed. TSLA exited for now.

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Tesla is down HUGE pre-market and might trace that 397-mark, today. For the sake of everyone's sanity, I hope they got out at 439 at least. This trader exited at 475.

Note

No support at all @ 397; The floor arrives next... Sub-300? Should be.

BDRTrigger33

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BDRTrigger33

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