Congrats if you were short Tesla before today!
Not to kill the vibe or anything, but I see a gap that may want to close before Tesla falls further. I think the downgrade issued today was justified. I like $180 - $160. If the gap doesn't close then we could see these prices in the very near term.
These moves in Tesla always happen fast, if you weren't already short Tesla before today, wait to see if it comes back and closes the gap before getting into a position. There will be dip buyers and 3 standard deviation moves on any given day are common for this stock, but the stock should still find its way lower.
Not to kill the vibe or anything, but I see a gap that may want to close before Tesla falls further. I think the downgrade issued today was justified. I like $180 - $160. If the gap doesn't close then we could see these prices in the very near term.
These moves in Tesla always happen fast, if you weren't already short Tesla before today, wait to see if it comes back and closes the gap before getting into a position. There will be dip buyers and 3 standard deviation moves on any given day are common for this stock, but the stock should still find its way lower.
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Just wait until it closes the gap. The sentiment has definitely shifted to bullish in the overall market but that doesn't mean Tesla is a buy. It's up over 10% in 2 days. I want to be on the other side of this when it cracks : )
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Here is comes!
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Gap is closed. If you are going to open a bearish position, now is the time.
Disclaimer *here
Disclaimer *here
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Stopped out.
Price broke resistance/gap that I suspected would be the jump off point for a nice short. I don't mind being wrong because it helps me learn and understand better for next time.
Price broke resistance/gap that I suspected would be the jump off point for a nice short. I don't mind being wrong because it helps me learn and understand better for next time.
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And now that I've been stopped out I have even more conviction. That's how it usually happens, get stopped out before the strategy manifests.
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I still think this name goes lower