Learning from the rip in Tesla

BellaBella Daily Update

This week we wrote about how we were hawking a Tesla Bounce Trade.  See Four keys for a Tesla Bounce Trade. Friday we took that trade.  And we took a rip.  See Taking a Rip in Tesla. This weekend we challenged our traders to consider why the trade failed.  See Why did we take a rip in Tesla? Look the rip … Read More

Tesla Revisited

sspencerSteven Spencer (Steve's) Blogs, Trading Ideas1 Comment

Last Sunday I posted this long term chart on TSLA suggesting the coming weeks could present significant upside for the stock. My thought process was the gap fill following the earnings report would serve as a potential catalyst for further upside on the stock. The short interest continues to be very high. My “best case” is the 265 area where it had put … Read More