As on the chart, TSLA is hitting heavy resistance and appears
to be setup to short. The whole China economic meltdown
and the NVDA issue with regard to China is weighing heavily.
Thus, TSLA has technical and fundamental headwinds.
Accordingly, this may be a good entry to short or get some
put options.
As an asidem the inverse ETF for TSLA, TSLQ is sitting
on horixontal support and looks ready to head upward
making it a low cost TLSA play.
to be setup to short. The whole China economic meltdown
and the NVDA issue with regard to China is weighing heavily.
Thus, TSLA has technical and fundamental headwinds.
Accordingly, this may be a good entry to short or get some
put options.
As an asidem the inverse ETF for TSLA, TSLQ is sitting
on horixontal support and looks ready to head upward
making it a low cost TLSA play.