s3xy is a back-tested algorithm that works extremely well for TSLA. When we evaluate the daily chart, S3XY is still in a SELL SHORT position and under some selling pressure at the moment. The selling pressure is assumed since the common share price is trading under the default daily moving averages 6 8 and 21. When we view the s3xy position on a 30 min timeframe, the algorithm suggests to remain in a sell short position and will remain in this position indefinitely. If I were to look for a buying opportunity, I would wait until the 8 and the 21 day widen more the $100 and look for an ET trade setup into earnings. We will continue to monitor this trade for a swing LONG trade after 7 to 14 days.
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