TSLQ is an ETF that bets against Tesla (
TSLA) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in TSLA shares, I would use 
TSLQ as a hedge for my long-term portfolio.
The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply thatTSLA's stock price would be approximately $95.
TSLA) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in TSLA shares, I would use TSLQ as a hedge for my long-term portfolio.The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply that
TSLA's stock price would be approximately $95.
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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.