TSLA is one of those stocks that everyone watches and marvel at how high its gone. I've tracked it for a long time. I was less than impressed by the all time high it made on lower volume. And noted my charts at the time.
TSLA has since made a higher low and now again another higher low. As the selling is increasing with volume to the downside I entered my short. If this works, It will work remarkably well. If it doesn't, I feel the risk here is manageable, but the trade favors the bears here.
No comments:
Post a Comment