Blog Post: Day 9 of $QQQ short term up-trend; 302 US new highs, 20 lows and 138 at ATH, $TSLA to report earnings this week and looks technically weak, see 10:30 weekly chart and possible shorting ETFs

0


TSLA reports earnings on Wednesday. I think this 10:30 weekly chart shows TSLA to be technically weak and possibly entering a Stage 4 decline. The stock is below its 10 and 30 week averages, the 10 week is below the 30 week and the 30 week average (solid red line) is starting to curve down. Its green line top is at 414.49, reached in November 2021. To bet on a decline one could buy put options or one of the bearish ETFs, TSLS or TSLQ or TSDD. I prefer to watch safely on the sidelines.



Source_link

Leave a Reply

Your email address will not be published. Required fields are marked *