With a 3 day weekend coming up and China still a major bearish fundamental influence, I am shorting certain speculative tech stocks that will likely take the most short term punishment.
TSLA is one of them and I like how a technical trend channel is providing a great entry for a short. I expect at least a minor selloff on Friday for traders/investors that simply do not wish to remain exposed for a third bloody Monday for equities. I may exit this position if tomorrow provides very bullish price action and proves me wrong.
This is part of an overall strategy that I have right now based on a retest of the lows we have recently seen on this pullback.
TSLA is one of them and I like how a technical trend channel is providing a great entry for a short. I expect at least a minor selloff on Friday for traders/investors that simply do not wish to remain exposed for a third bloody Monday for equities. I may exit this position if tomorrow provides very bullish price action and proves me wrong.
This is part of an overall strategy that I have right now based on a retest of the lows we have recently seen on this pullback.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.