Tesla Short Opportunity

13 Nis 2020

We are seeing speculative movement again in the TSLA stock. The overall market had a positive reaction to the Stimulus package and infinite QE. However, we are going to see the actual result of COVIC-19 and the employment report in early May. The demand for high-end/high tech electric vehicles is going to suffer for the remainder of the year and Tesla responded by furloughing around half of its U.S. sales and delivery employees this week.

We are seeing heavy resistance around 660 and support 350.

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