TSLA (Tesla Short)

Whats up Traders,

We're shorting tesla again. See chart -

Quite frankly, the stock has ben a dog for a while now. The SEC investigation news was the nail in the coffin.

Target Price - 260-250
Stop Loss 305ish

Komentarz:

This chart is still active - I expect TESLA to retrace majorly soon. It seems to be consolidation a the moment.

You can actually paint a down trend resistance line that touches the:

June 15, June 29 Highs through this current spread.

If TESLA breaks through this line and confirms, i would cancel this idea.