Hey guys, as you might have heard, Tesla was just asked to recall 158,000 cars over safety concerns by the National Highway Traffic Safety Administration (Link: www.bbc.com/news/technology-55662657).
In addition we're just about to complete a triangle on the 2H. We shall not outguess the market, but after the unbelieveable run this stock had, this setting might just be a perfect short opportunity. Due to the triangle and Tesla Fanboys I would be watching both ways though. Should be played as drawn on the chart, watchout for fakeouts (-> Tight Stop Losses + might have to re-enter your position).
No financial advice, just my opinion.
In addition we're just about to complete a triangle on the 2H. We shall not outguess the market, but after the unbelieveable run this stock had, this setting might just be a perfect short opportunity. Due to the triangle and Tesla Fanboys I would be watching both ways though. Should be played as drawn on the chart, watchout for fakeouts (-> Tight Stop Losses + might have to re-enter your position).
No financial advice, just my opinion.
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Premarket looks pretty bullish, if the purple line gets decisively broken chances are the bad news just vaporized in a cloud of hype.
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Updated triangle:
