TSLA SHORT with leverage TSDD ETF
This 1.5X leveraged ETF inverses the price action of TSLA with some amplification.
From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is
TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the
news like firing Space X employees without due process, TSLA is challenged and analysts
are calling for lower projected stock price. This is a way short TSLA at a lower price and risk.
The 2H chart shows a bullish HA candle today as price crossed over the longer trend following
moving average. Likewise, the RSI lines crossed over the 50 level rising from lows to end 2023.
This is an inexpensive stock without an options chain that has 60% near term potential should
it rise to its early November high at $28 A 0.5 Fib retrace of its down trend from that high in
November would bring price to $22. I will target $22 for 75% of the position and make the 25%
run for the $28 target while a stop loss of $.50 will allow for a normal range while rising to
the targets. I will raise the stop loss to break even after price rises by 0.55 and set a trailing
stop of $.50 once price rises by $0.75. I expect the trade to be in profit early and then
continuously increasing after that with a good backstop. TSLA's quarterly report comes out
on January 24th; this catalyst could accelerate profit if the report is less than expected by
investors and analysts. On the other hand, a fairly tight stop loss of about 3% will protect
the trade against a good earnings/revenue report whicch would surprise many.
loss of
From the continuance of inflation, to Hertz liquidating 20,000 EVs ( prominent among them is
TSLA) in favor of return to ICEs to the rise of BYD in China and the ever present Musk in the
news like firing Space X employees without due process, TSLA is challenged and analysts
are calling for lower projected stock price. This is a way short TSLA at a lower price and risk.
The 2H chart shows a bullish HA candle today as price crossed over the longer trend following
moving average. Likewise, the RSI lines crossed over the 50 level rising from lows to end 2023.
This is an inexpensive stock without an options chain that has 60% near term potential should
it rise to its early November high at $28 A 0.5 Fib retrace of its down trend from that high in
November would bring price to $22. I will target $22 for 75% of the position and make the 25%
run for the $28 target while a stop loss of $.50 will allow for a normal range while rising to
the targets. I will raise the stop loss to break even after price rises by 0.55 and set a trailing
stop of $.50 once price rises by $0.75. I expect the trade to be in profit early and then
continuously increasing after that with a good backstop. TSLA's quarterly report comes out
on January 24th; this catalyst could accelerate profit if the report is less than expected by
investors and analysts. On the other hand, a fairly tight stop loss of about 3% will protect
the trade against a good earnings/revenue report whicch would surprise many.
loss of
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