TESLA BEAR FLAG|PREPARE TO SELL|OPTIONS TRADE|
TESLA is still growing after it gained momentum
On the news of being added to the S&P500
Usually, the stock falls right after being included into the index
Following the saying "buy the rumors, sell the news"
Though, in the case of S&P500, more like "buy the news, sell the fact"
Anyhow, TESLA hasn't fallen, and is still growing.
However, the bear flag it is trading in
Indicated that the growth in its final stage
And the stock will soon collapse to the support
As it is obvious that a correction is needed
I think that there is still some space to go Up
But the correction is inevitable
A Short? YES, but with Put Options only, so that your downside is limited.
520-500$ as the final target seems quite reasonable for this trade
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