I have a small pilot long in $TSLA that I entered here, but my main interest is flipping short once this signal tops. I think there's a distinct chance that $TSLA breaks into new highs, triggering massuve euphoria, fertile ground for a spectacular short trade. Right now, the daily and weekly trends are up, as well as the quarterly, but, once the daily and weekly top, around 402-408, I think we might see a severe correction, and heck, maybe even a long term buy opportunity, once we cover the shorts at the bottom. Ideally, the correction might be sharp and very deep, leading to a retest of the quarterly mode support.
Best of luck,
Ivan Labrie.
Long from $362, will exit and flip short at $402-408
Best of luck,
Ivan Labrie.
Long from $362, will exit and flip short at $402-408
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Following the slower path.
