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Short-Sale Set Up - More Big-Stock in Position

We're noticing that Alphabet (GOOGL) is rallying up into its 20-dema. In a late-stage failure, stocks can ofrten rally back up through the 50-dma and then run into resistance at the 20-dema. This could be the case with GOOGL. Also, Tesla (TSLA), which we first discussed as a short on the news rally into the mid-320 price level after the company unviled its electric semi-truck, is rallying into its 10-dma. This or the 20-dema could represent near-term overhead resistance. Again,. the five-minute "620" intraday chart is a handy tool with respect to timing short-sale entries. Short-sale set-ups are not guaranteed to work, and the 620 chart is a good reference tool that helps keep one stay out of severe trouble if things don't work right away. Short-selling requires persistence and nimble feet to be successful.

Read "Short-Selling with the O'Neil Disciples" to understand the general principles and approach we implement on the short side. Gil also goes into more detail on more current, updated, and improved techniques he uses to sell-short in this current, nutty QE-infused environment in our weekly live webinar series.
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2018 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.
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