TSLA has seen quite the run this year and is up close to 40% this month alone. There has been a lot of positive news pumping the stock despite
fundamentals being a little lackluster. Buyers are starting to show signs of exhaustion and we should see a pullback as profit taking kicks in.
The daily candlesticks have been outside the upper Bollinger Band for more than a week, not to mention a few observable sell signals i.e.
negative divergence on RSI and shooting star candlestick. I think it's time to short Goliath on Monday at close or on a pop. My price target is
based on the 23.6% fib retracement and the stop loss should be Monday's high with some wiggle room. Good luck!
fundamentals being a little lackluster. Buyers are starting to show signs of exhaustion and we should see a pullback as profit taking kicks in.
The daily candlesticks have been outside the upper Bollinger Band for more than a week, not to mention a few observable sell signals i.e.
negative divergence on RSI and shooting star candlestick. I think it's time to short Goliath on Monday at close or on a pop. My price target is
based on the 23.6% fib retracement and the stop loss should be Monday's high with some wiggle room. Good luck!
Comment:
Target reached!