Tesla: Approaching major resistance and a perfect short again for day traders
Komen
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Suggest lowering stop to 306.75 now so if the trade goes wrong it still makes a small profit. Don't want to see this hold up at 305.8 for long, as it's using the downtrend line as support right now...if it can hold here therefore it can ruin the trade and go on to fill the gap at 310.57 and then come off. We really need to see it break below 305.8 soon now for more sellers to enter and force the price lower still. Don't want lose money even if this trade goes wrong. And if it does I aim to sell again from 310.50 if struck later/Monday