Short-Sale Set Up - Tesla (TSLA) Follow-Up
| Published: | 14 Dec 2017 11:21 ET |
Tesla (TSLA) may be approaching a near-term inflection point as it get extended from the 50-dma and 200-dma. The company has rallied this week on news that PepsiCo would be placing reservations for 100 of TSLA's non-existent electric semi-trucks, and with over a quarter of the float sold short it doesn't take much to send the shorts scampering. Using the 620 here to time a short-sale entry makes sense, whether one chooses to test a MACD cross on the downside or a full 620 sell signal where the 6-period ema drops below the 20-period dma as the MACD also crosses to the downside.
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