Tesla channel/trend analysis

As Per, CPI and PPI reports are causing a bear rally. TSLA

Due to high Beta and Paired with TSLA now touching the lower channels of the trend, I believe we will see some short-term bullish action till new year.

If price action breaks $200 I believe we may see a rally towards $260-270.

Long term Bearish of course, like our last short any entry price above $250 is a good time to enter a short or long dated puts for exp in January/February.

Now is not the best time to short. You will find better entry points in the coming month. A rejection of $200 from this week means it could drop to demand zone at $140-160 but may be bought up and then a rally would resume.

Let's just keep this simple. The trend is your friend, but patience is key if you want a monster short ;)

Long -

Entry price : $170

  • TP 1 : $220

    TP 2 : $260

    TP 3 : $280


Short -

Entry price : $270


*TP 1 : $220

TP 2 : $160

TP 3 : $140

Timeframe : 1-3 months, x2 trades, 100% max return goal.

(Disclaimer : not financial advice)

Clearly overbought : End of summer relief rally


Chart PatternsTechnical IndicatorsLONGshorttraderTrend AnalysisTesla Motors (TSLA)

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