TSLA is now retesting a breakdown below an ascending channel
I intend to short this with the bear ETF TSL for a 1.5X leverage
that way I can buy several shares and tier out of the position sequentially on progress
Once a downtrend becomes established a pull option for a few weeks expiration.
( always watching the TWTR saga and also any signs of upward price action
for EV stocks due to the supportive legislation in DC)
Trade active
Market News Musk dumps $6B in shares - selling pressure going to go parabolic supporting downtrending !Note
Out of the money TSLA put option strike $850 Exp 8/26 bought late yesterday is up 24% so far :)Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.