Tesla - short idea. Start of corrections?
Updated
Hi guys, I see the short idea on TSLA
𝙍𝙚𝙖𝙨𝙤𝙣𝙨:
📉 Now, the price is on support 196$ LVL, and looks like we are ready for a correction.
📉 Tesla reported Q4 FY 2020 adjusted EPS that missed analyst expectations by a wide margin.
📉 The price has gone too far from 200MA on Day chart.
Short 795$
SL 4-5%
TP1 716$
TP2 656$
Follow me for more ideas.
Thanks,
V.
𝙍𝙚𝙖𝙨𝙤𝙣𝙨:
📉 Now, the price is on support 196$ LVL, and looks like we are ready for a correction.
📉 Tesla reported Q4 FY 2020 adjusted EPS that missed analyst expectations by a wide margin.
📉 The price has gone too far from 200MA on Day chart.
Short 795$
SL 4-5%
TP1 716$
TP2 656$
Follow me for more ideas.
Thanks,
V.
Note
I see a triangle here but also it can be head and shoulders pattern.Note
correction on SPY. Expect this short on TESLA will be niiiiceeeeTrade closed: target reached
+17% on this trade. TP has done. If u stay - use a small SL for the position.
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