TSLA held up well

[TradeTune]

Why 340? The market maker of TSLA said it is worth about $150. But nobody knows(not even the MM), it could go to $200...

Most people went short around 330$ on tesla, and many of them still holding to their cash. If Tesla goes touch 340, all these short sellers will buy to cover and price bounce up again.

And those who bought or added to their long position at 340$, if Telsa goes to 330-310$, the will be liquid their position and tesla can go below 300$ easy

 

[SunTrader]

I am trading my IRA cannot short, but shorts can scale in to their positions premarket too.

Pre market, after market during market. Yes.

But pros don't short and cover, short and cover, rinse repeat.

It is a long patience waiting game. One day or another means very little to them.

 

[SunTrader]

Most people went short around 330$ on tesla, and many of them still holding to their cash. If Tesla goes touch 340, all these short sellers will buy to cover and price bounce up again.

And those who bought or added to their long position at 340$, if Telsa goes to 330-310$, the will be liquid their position and tesla can go below 300$ easy

Really, your source for this?

 

[TimtheEnchanter]

Most people went short around 330$ on tesla, and many of them still holding to their cash. If Tesla goes touch 340, all these short sellers will buy to cover and price bounce up again.

And those who bought or added to their long position at 340$, if Telsa goes to 330-310$, the will be liquid their position and tesla can go below 300$ easy

The shorts have no cash except huge paper losses. Predicting anything futile, reacting is more appropriate. Unless you possess the Holy Grrrail..

 

[TradeTune]

Really, your source for this?

I study Tesla very closely, If you have just a position, it will drop to around 360. Though nobody can be sure about direction of trend. But chart says If Touches 330, then it will go to 290.

 

[TradeTune]

The shorts have no cash except huge paper losses. Predicting anything futile, reacting is more appropriate. Unless you possess the Holy Grrrail..

Don't go short, but keep cash aside, if it goes to 360, then go long and hit it with a volume. I don't buy at around support 410, which seems today will become a resistance.

 

[SunTrader]

I study Tesla very closely, If you have just a position, it will drop to around 360. Though nobody can be sure about direction of trend. But chart says If Touches 330, then it will go to 290.

That was my question. The part in bold was what I was referring to .

Also thanks for the opinion but I like to figure out things myself.