Tesla shares have skyrocketed since the 2024Q3 earnings report, with a range increase of up to 83%. Investors who were short lost a lot, I started short at $370, but the position was extremely low and the losses were limited at the moment. With so much going up, is it time to start short trading?
TESLA daily candlestick chart – 2024.12.11
From the analysis of the daily K-line chart, the stock price is accelerating up, and now it is definitely a counter-trend transaction to start shorting, from the technical chart, there is no bearish space, for such a strong trend, it is very likely to get out of the range shock in the later stage, before the stock price does not appear obvious top characteristics, we must be cautious short, this stock is now the highest trading volume in the entire NASDAQ market, speculative trading has exploded, but there is no need to worry too much, as long as the position is not high enough, the current short transaction must be a good transaction.
Tesla’s stock price is expected to fluctuate in the range of $350 to $410 in the short term.
At the moment, I have no plans to increase my position.