TESLA bearish pattern...lol. I call this the Loch Ness Monster.
Updated
Any candle pattern like this dillying about is a sputter, cough and a backfire. I am TSLA long for many, many years, but I am playing the October dip. I'm adding again if the 215 gap is closed. I'm in even harder if the 150 gap gets printed...I don't think it will get that low but after 215 I'll be DCA'ing.
I put 50% of my position in TSLQ July 12th
I put 50% of my position in TSLQ July 12th
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What a wild day! I sold all of my TSLQ position and bought TSLA with roughly half the sum. I may be early in unwinding but the dip was too nice not to nibble. If TSLA goes below 200 I'll put the remaining 50% in and ride on from there. Perhaps I should have only sold 50% of the TSLQ position and put it all in TSLA instead of sitting on 50% of it in cash...live and learn I suppose. Cheers!
Note
I sold 50% of my TSLA again today and bought TSLQ with the funds. I am as always, bullish on TSLA...for many many years to come. General market is sick though for a time. Maybe 6-8 weeks of downward manipulation. I plan to hold in this position for at least 5 weeks :)...look at that Nessy just puke candles out the front door.
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