TSLA Short

Yes, I'm back at it again.  I shorted the electric car maker in November on what turned into a head-and-shoulders top and I think this failure at the 50week gives us another opportunity. 

The monthly is still selling off.  I expect TSLA to challenge the prior swing low which is also the long term 38.2% fibonacci level and possibly fail and head down to the 50% fib level.

Cheap crude oil and gasoline is the culprit.  Of course it's a momo lover name to begin with but if crude oil/gasoline remain low for a longer period of time, there will be less demand for expensive electric cars. 

It is what it is and I have my cover alert above that 20d sma.  Until then.........sitting on hands.

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