TeslaShort
Tesla - Short Position
Foreword:
Disclaimer: This is not a financial advise, however feel free to be inspired by the chart and make your own assumptions of it.
From a fundamental point of view:
I am bullish (very) on the stock, this because Elon Musk is known for his work ethic, and we all know work ethic is the most important element a human being can have based on professional levels. we all know Tesla is doing a fantastic job, betting against the consensus, and open to innovation. However yesterday a terrible accident happened with A tesla car, where 2 people lost their life, due to a car crash, which seemed to not have been piloted by someone (without driver modus). Which might provide Tesla negative consensus.
From A technical point of view:
Different Hanging man's can be identified .
Prices couldn't overcome major resistance line, a big rejection of price actions is visible.
Bulls where losing uptrend control, (see last hanging man) at fibonacci 50% level.
Stop Loss and take profit set too, if you need any possible entry point.
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Take care, trade/invest smart, well and always remind that one day, suffering will turn into happiness.
Kevin C. Best
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