Tesla (TSLA), which has confounded the shorts again after a big post-earnings gap-up, is pushing up into its 50-dma on about average volume for this time of the day. Note also that it is rallying into an area of possible overhead price congestion. The highs of the day, or a 1-3% stop, would suffice as a cover guide.
Short-Sale Set Up - Tesla (TSLA) 5/8/18
|Published:||8 May 2018 11:54 ET|
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