worldsapart89

Is Tesla a short now?

Corto
NASDAQ:TSLA   Tesla
Ascending triangle with similar tops and higher bottoms. Wait until it is broken to the upside or downside. Such triangles can be bullish (usually) or bearish, so one needs to wait for breakout for a better entry. With recent events around Musk and still a poor balance sheet, I feel that the resistance around $390 has become too strong and Tesla stock will tank in the future. If you short the stock, watch for the support level and decide whether to keep holding your position or not.
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