Short:Overbought & lots of "IFs" for this to sustain its growth

2019年10月28日

I have been observing the charts of Tesla but mostly i have seen that the charts usually dont work with this company. When a company has too many fan boys then it becomes difficult to imagine any fundamentals working.

Neverthless, after gaining 90 USD in a span of 3 days with the news of profitability (which is funny considering the way they showed the profitability in their earnings call), i see that it has run out of gas and also cant sustain this stock growth unless there is some correction.

Short Idea.

Opened short at 335

TP1 - 310
Tp2 - 300

Stop loss - I usually put stop losses but i would actually avoid using stop losses in tesla considering the volatility and the ridiculous way it moves sometimes.

2019年10月30日

交易進行

TP1 hit. waiting for TP2. I think tesla might recover now and might retest, 320 325 levels. but i wont close my other short for now.

2019年11月15日

交易進行

Seems the short squeeze around tesla is intense. although there are currently some good news (china facility, germany berlin facility) as well along with good rumours to skyrocket this stock and thus this reached around 355 recently i believe the downturn will start soon , after the major factors (production mainly) are not met.

2020年1月16日

交易結束：目標達成

this trade was closed at 310 but i am updating it today.