Media focus on Elon’s mental – – umm – – meanderings – – has died down, but that hasn’t doused my interest in the stock named Tesla. I have shorted it this morning and the strength it exhibited from last week got close to its price gap and is pivoting away.
Taking a more distant view, you can see how the nearly 20% rise (!) in recent days did nothing more than push prices back up to the FAILED trendline. I think the relief rally is over, and I’ve got a stop-loss price set at 305.35.