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Should you short Tesla ?
Atualizado
If the objective to long or short a trade is to make profits, then be it Tesla or any other Company, so long as this objective can be met, then I think the answer is a YES.
But if you do it because it is the "talk of the town" and you want to earn some bragging rights during lunch talk or something, then maybe not.
Chart wise, we see a bearish engulfing candle and the price action is still stuck in a ascending channel. Until the latter is break down, we had the prior experience that tells us not to do anything first. Like cryptocurrency that runs parabolic to 20,000 peak before it plunge down, will Tesla follows its fate ?
No price for guessing right but if you have a clear strategy, employ strict capital and risk management and use a SL in your trade, then you may want to participate in this trade set up.
But if you do it because it is the "talk of the town" and you want to earn some bragging rights during lunch talk or something, then maybe not.
Chart wise, we see a bearish engulfing candle and the price action is still stuck in a ascending channel. Until the latter is break down, we had the prior experience that tells us not to do anything first. Like cryptocurrency that runs parabolic to 20,000 peak before it plunge down, will Tesla follows its fate ?
No price for guessing right but if you have a clear strategy, employ strict capital and risk management and use a SL in your trade, then you may want to participate in this trade set up.
Nota
Praise the Lord and congrats to those who followed.Nota
Praise the Lord. Congrats to those of you who followed through and continue to short . You are in for handsome profits . Well done , guys ! Keep up the great works.
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