Tesla can be a short in the short term
Tesla has been moving through a large ascending channel on a 4h timeframe. I do believe it has came the right moment to short sell the stock, since the stock is now struggling with the top of the channel. First target around 330 Usd. A tight stop might be placed above the top at 400 Usd. However, I would
suggest to set up a larger stop, since there is a concrete risk to see the stock going up further, to then tumbling down deeply.
Do not forget to follow us on wallstreetimes.com
suggest to set up a larger stop, since there is a concrete risk to see the stock going up further, to then tumbling down deeply.
Do not forget to follow us on wallstreetimes.com
Trade active
Trade is moving on our short direction. Keep the short until 330 Usd at leastTrade active
It seems we were right with our prediction. We are close to take profit around 330 USd.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.