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.
Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.