TSLA Short! Target: $1000 - $1200

21 Tem 2020

TSLA

It seems pretty clear based on valuation standards that many tech companies are significantly overbought. Over the past two weeks there has been significant capital outflow from the technology sector while there has simultaneously been large capital inflow into commodity markets, especially oil and natural gas.

Head and shoulders pattern forming on the 2hr and 4hr charts. Looks like a great short set up to return to the longer-term price trend.

I'm not a TSLA hater, I like Elon Musk, but I think this is a great short set up. Just an idea, do your own research!

23 Tem 2020

Emir iptal

Price never completed H&S and didn't enter trade channel

23 Tem 2020

İşlem aktif

Short opened this morning

10 Ağu 2020

Not

Price movement this week will determine if I keep short open or close it.

13 Ağu 2020

İşlem kapandı: durdurma seviyesi

Stock split through a wrench into the idea. Will post new chart soon!