Trade idea: Tesla
Tesla: perhaps the most watched trendline in financial markets
Perhaps Musk can pull it out of the bag and promote a resumption of the bull trend, but the headwinds are growing and if they lose the momo crowd, the shorts could have a far better time of it.
Trend breaks don’t always lead to collapses, but if they lose retail then the bid may dry up and buying puts could become a lot more expensive.
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