As we discussed on Monday, Tesla (TSLA) is rallying up to its 20-dema at the time of this writing. Tonight they will unveil their electric semi-truck, so this is the point where we want to watch for a possible short-sale entry, most likely tomorrow morning if there is a move up to or just beyond the 200-dma. Keep in mind, however, that the general market tide, so to speak, is to the upside, and the stock is more likely to come under more severe selling pressure in a weaker general environment.
Short-Sale Set Up - Update on TSLA
|Published:||16 Nov 2017 12:09 ET|
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