TSLA Short Idea
Hey guys,
Pretty straight forward. I don't see TSLA breaking past this trend line. If we are coming into an economic downturn/recession ... who is going to be buying luxury cars? Not to mention, oil is cheap right now. I see a retest to the lower long term trend line happening over the next year. I would be very bullish if TSLA drops to those levels. TSLA should return to an area of fair value sometime soon. Use stops and happy trading!
- Matt
Pretty straight forward. I don't see TSLA breaking past this trend line. If we are coming into an economic downturn/recession ... who is going to be buying luxury cars? Not to mention, oil is cheap right now. I see a retest to the lower long term trend line happening over the next year. I would be very bullish if TSLA drops to those levels. TSLA should return to an area of fair value sometime soon. Use stops and happy trading!
- Matt
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