This Time … Maybe

We’ll cut straight to the chase.

All previous updates on Tesla (TSLA) have been technical, indicating some level of curiosity.

This time, is different.

Currently positioned short TSLA, early in this session via inverse fund TSLS (not advice, not a recommendation)

Telsa 1X Inverse Fund, TSLS, Daily

The ‘support’ area shown is actually resistance on the non-inverted chart of TSLA.

As of this post (12:51 p.m., EST), low for inverse fund TSLS is 8.14; if held for the day, it will be the hard stop (not advice, not a recommendation).

Sentiment Warning(s)

Sentiment, Volume, Price; typical model for reversal.

In the case of Tesla, we may have all three (not advice, not a recommendation).

Position(s)

One gets the sense the beginning of this year, has the market sorting itself out.

A brief summary of trade activity for today (not advice, not a recommendation):

DXD-25-01, closed with -1.56%, loss.

TSLS-25-01, opened as detailed above

DUST-25-01, opened … depending on price action, details to follow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279