I have been comparing how Tesla behaved in Jan-Feb earlier this year after its ATH and how we are seeing things now. RSI had peaked and is down from where it was. MACD seems to be stabilizing but its still bearish on daily. Now OBV is still high and pointing up which is a good sign.
So if you are looking for long play.... why not open a long put/short position. Swing trade for the month of Dec towards bullish side might not be a bad trade as well, esp with expected Santa rally and 12/9 RUMOR of split; I emphasize on the word rumor... and if it does not happen.. which is the likely scenario many Tesla cult will be disappointed. Nasdaq/Dow/S&P all seem to be crossing towards bearish side as well.
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