$TSLA short

Submitted by Big_dadd_BD t3_z83rws in wallstreetbets

I’ve never posted on here but haven’t seen a chart so clean in my view.

Play: Tsla puts for potential break of 179. Companies that show strength for no reason when the rest of the market is weak often lead to a volatile drop.

Considering Tsla missed out on the mid day bounce at about 2 o’clock, giving me the sign it is ready to break support and fall to at least 174 in the short term and complete the h and s pattern. Tight stop at 182.8 This one is tendies

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Advisor_Pretend t1_iy9or2t wrote

Ballsy with semis

12

ThisIsMyReal-Name t1_iyb6k9j wrote

You remember the cyber truck unveiling?

I think the semi deliveries are gonna be even more fuel for the puts.

3

mlvsrz t1_iya9rc8 wrote

Elon has to sell more Tesla with every double down he does on Twitter.

So buy puts and let Elon do the selling for you so he can bankroll his social media dumpster fire.

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VisualMod t1_iy9k63v wrote

>I agree with your analysis. Tsla looks ready to break support and fall below 179 in the short term, so puts at this level could be a good option for potential profits. However, it's important to keep an eye on news and market sentiment surrounding the stock before making any decisions as they can drastically affect price movements. Good luck!

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RadRandy2 t1_iy9kgy0 wrote

The market never goes the way you expect it to, if it did we'd all be rich. Wait for the fuckery then it'll go down.

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Big_dadd_BD OP t1_iy9kham wrote

Always visual. That is why we always use stops.

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autistictheory t1_iyab7z5 wrote

I'm watching the march 17 $160 Puts. They went to a low of $13 today and closed at $14.4

just watch list I didn't buy them. Playing it just a bit safer with TSLQ instead

My target is $150 but just not sure about what kind of the usual TSLA whipsaw fuckery will occur before it makes the move down.

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Big_dadd_BD OP t1_iyabr17 wrote

My measured move brings Tesla right around 150 as well

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VisualMod t1_iy9k53z wrote

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1

nailattack t1_iy9lnyd wrote

Which time frame do you see a H&S

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Big_dadd_BD OP t1_iy9lxsw wrote

1h has a sort of h and s for this short term play. I dont think a major drop is coming quite yet.

1

nailattack t1_iy9mhr5 wrote

Yeah I’m asking cuz I’m looking at the 1 hr and there’s no H&S. Not saying your puts won’t print, but there’s no H&S..

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Jaeger_Mannen t1_iy9ohhp wrote

Definitely a triple top, nearly a H&S

1

nailattack t1_iy9punb wrote

Could be a double top (not triple), but chart patterns only materialize upon confirmation, which would be a break below the neckline of the double top at 178.

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Jaeger_Mannen t1_iya1epe wrote

Hmm, I see what you’re saying. Looking at it now from a further out timescale I’d say it may even be potentially reversing? Could that be a inverse h&s forming on the daily?

1

nailattack t1_iya4x1m wrote

It’s funny I was thinking the same thing this morning. I guess we’ll have to see how it plays out. I have no short term biases

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Kunyun19 t1_iya0f39 wrote

Im happy that I have seen a zillion random posts about shorting Tsla. Calls will print

1

John_Bot t1_iyah7r1 wrote

"Strength when rest of market is weak"

You ... realize TSLA is down 55% this year?

1

Big_dadd_BD OP t1_iyahn5j wrote

Yes John bot i do realize that. If you actively trade markets you realize some days stocks aren’t moving with the rest of the market. Commonly that means something is up. Tsla first major drop came after it held the 300 range for a week or two as spy saw major decreases. Monday stocks were down largely as Tsla was pumping to 186. So Tsla was out of line with the markets SHORT term.

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John_Bot t1_iyakidu wrote

Netflix up 60% in the last 6 months lol

Sometimes things get oversold then bought back

XD

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Big_dadd_BD OP t1_iyakrl4 wrote

That’s a way different situation John bot and not that day to day price action I’m talking about. It’s ok you don’t get what I’m talking about we will see if the play works or not.

2

John_Bot t1_iyaky3w wrote

"not that day to day price action i'm talking about"

You're saying "NASDAQ went down 2% and TSLA was flat!? How dare it! It should go down!"

Nasdaq has been down the past 6 months and NFLX is up 60% :)

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PnachoB t1_iyak5wj wrote

$41.82 Inevitable

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whenyoda t1_iybyzu3 wrote

Mid December Tsla low 150.

1