TSLA is continuing to trend downward while China is melting down
and the TSLA giga factory is underproductive.
The chart shows a fall from the upper trendline of resistance
confirmed by the MACD lines flipping above the histogram.
Targets for the trade are the mid-range Fibonacci levels in the
retracted of the up trend so about 258 and final take
profit heading towards all earnings where the current trendline
hits the horizontal support at about 205 about October 1st.
Stop Loss nominally at $10 above the current market price.
Accordingly expecting a reward to risk of more than 5 to 1.
All in all, the short setup or put options appear to be
an excellent setup,
The best question is whether others in the sector are
following the market leader and dropping even faster or
instead, are they holding up better because they have
less China exposure
and the TSLA giga factory is underproductive.
The chart shows a fall from the upper trendline of resistance
confirmed by the MACD lines flipping above the histogram.
Targets for the trade are the mid-range Fibonacci levels in the
retracted of the up trend so about 258 and final take
profit heading towards all earnings where the current trendline
hits the horizontal support at about 205 about October 1st.
Stop Loss nominally at $10 above the current market price.
Accordingly expecting a reward to risk of more than 5 to 1.
All in all, the short setup or put options appear to be
an excellent setup,
The best question is whether others in the sector are
following the market leader and dropping even faster or
instead, are they holding up better because they have
less China exposure
إخلاء المسؤولية
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.