TESLA looks like an obvious short, but I won't go for it..

Recent earnings miss, price action, mad valuations and RSI are all screaming short. Volume makes me wonder though, where are the heavy sells from July & September? Looks all-too-fishy for me and can still go in either direction despite breaking recent trend.

That's one stock I would not short. Just remember, momentum-driven stocks are not all that logical after-all.

Kommentera:

Here we go, Tesla up more than 10% in less than 2 trading sessions; now 878. I hope you all didn't fall prey to that short that everybody's been chasing and preaching about.

If it's too obvious, look under the hood for unobvious answers.

Cheers.