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Tslashort

TSLA possible oppurtunity to go short in the short term TSLA is currently in an uptrend however it might break the uptrend thanks to a prediction done with the technical indicators that all show that TSLA is overbought. I have drawn the support (green) and resistance (red) horizontal lines. The price is getting close to the resistance level at around 193.50 and might bounce back down to around 183 at the first support level. This is -- in case you haven't realized yet -- a 30 minute time frame. Reversals could be quick and not very long lasting.
NASDAQ:TSLAShort
by nhourani
1
TSLA Trend Channel Short With a 3 day weekend coming up and China still a major bearish fundamental influence, I am shorting certain speculative tech stocks that will likely take the most short term punishment. TSLA is one of them and I like how a technical trend channel is providing a great entry for a short. I expect at least a minor selloff on Friday for traders/investors that simply do not wish to remain exposed for a third bloody Monday for equities. I may exit this position if tomorrow provides very bullish price action and proves me wrong. This is part of an overall strategy that I have right now based on a retest of the lows we have recently seen on this pullback.
NASDAQ:TSLAShort
by KaizenTrader
1