TSLA has been absolutely destroyed over the past month breaking support structure much faster than I personally expected.
I have a feeling we may be seeing the possibility of a dead cat bounce from this position. We are extremely oversold and the idea of shorting TSLA has become mainstream on the famous WallstreetBets.
I think that we are a bit too sold off prior to earnings and that there will be some buying just to hedge the possibility of a strong beat.
Longterm I am still bearish on TSLA but nothing goes straight down and I expect a better short position to show itself after a slight reverse rally.
Happy New Year :)
I have a feeling we may be seeing the possibility of a dead cat bounce from this position. We are extremely oversold and the idea of shorting TSLA has become mainstream on the famous WallstreetBets.
I think that we are a bit too sold off prior to earnings and that there will be some buying just to hedge the possibility of a strong beat.
Longterm I am still bearish on TSLA but nothing goes straight down and I expect a better short position to show itself after a slight reverse rally.
Happy New Year :)