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.