$TSLQ - Range Bound
TSLQ is an ETF that bets against Tesla (
TSLA) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in TSLA shares, I would use 
TSLQ as a hedge for my long-term portfolio.
The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply thatTSLA's stock price would be approximately $95.
TSLA) and has been trading within a certain range for nearly 10 months. It is worth keeping an eye on this ETF as it may potentially break out to the upside. Although I have invested in TSLA shares, I would use TSLQ as a hedge for my long-term portfolio.The pivot point outside of the range is $41, with a target of $60 (+45%). As this is a 1x bearish ETF, it would imply that
TSLA's stock price would be approximately $95.
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