SHORT TSLA with target of $291 - Current price $307 - $16 Profit for NASDAQ:TSLA by lindosskier

supportandresistance fibonacci trendline tsla shorttsla stocks stocktrading short shortsetup

Short Tsla at current levels, with a target of $291!
Broke fib level and has been consolidating right below it.
Next downside target $291!

Stop loss at $320

Happy Trading

Lindosskier

Comment:

You can also buy a put debit spread for Dec. 22nd $197.5 / $195 for a $0.75, which will allow you to get 3.5 times your risked amount, if it closes below $195 on Dec. 22nd.

This reduces your amount at risk and allows for a 3.5R

Stop loss on this option spread, should be placed at $0.35.

Happy Trading

Lindosskier

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