$F: Going sub 11.34 would be the kiss of death
I think
F
offers a very low risk short opportunity here, it merely needs to break under $11.34 to cascade down into a waterfall decline...
Technical chart targets are clear, and indicate a substantial drop can take place, aided by declining fundamentals in the shape of UAW strikes and a rising trend in Union bargaining power, combined with rising costs for materials and declining sales in the face of
TSLA
demolishing legacy competition make this a compelling short.
In short: a sh#tstorm coming for ICE makers. We could see many bankruptcies in legacy automakers.
Best of luck if taking the trade.
Cheers,
Ivan Labrie.
F
offers a very low risk short opportunity here, it merely needs to break under $11.34 to cascade down into a waterfall decline... Technical chart targets are clear, and indicate a substantial drop can take place, aided by declining fundamentals in the shape of UAW strikes and a rising trend in Union bargaining power, combined with rising costs for materials and declining sales in the face of
TSLA
demolishing legacy competition make this a compelling short. In short: a sh#tstorm coming for ICE makers. We could see many bankruptcies in legacy automakers.
Best of luck if taking the trade.
Cheers,
Ivan Labrie.
