#TSLA Double Top, Market is in bearish mode Valuation Reset?

2021年5月16日

I have seen al lot of trend reversals on charts, and they all look of 3 types. The chart of TESLA reminds a classic double blow off top. Quite scary if you think that the Bull market of tech stocks is probably dead and wont really come up again for a while. Plus Elon nowdays is not doing a great figure on twitter shilling Dogecoin and Bitcoin, I dont think investors are very happy. The robotaxy the Tesla bull are talking about are probably at least 10 years far from today (I know the state of the industry) so there is probably little reason to hold tesla this year.
Prediction: Possible rally/bounce up to 100ema and then trend down. Cutting down the 200ema will be a clear bear market signal.

2021年6月1日

注释

shorting at around 640 for a technical pullback could be an easy short term play

2021年6月3日

交易开始

adding more short positions here

2021年6月16日

注释

tesla is finding a lot of support, it's now squeezed btw several emas. Trend is still bearish at the moment though