$TSLA: Price is overbought, but shorting this one is very risky

SmartReversals
12-16

1.$Tesla Motors(TSLA)$ : Price is overbought, but shorting this one is very risky, it's much better to surf the wave managing risk.

It's worth noting that very soon we will learn if the bearish RSI divergence will be materialized with a healthy pullback.

$438 is a key threshold to use. Potential continuation above it, caution below it. Pullbacks may bounce at the 10 or 20DMA as it happened in November twice.

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2. $Advanced Micro Devices(AMD)$ - Price reached oversold levels relative to Bollinger bands, Stochastic, and Volume Profile

Since the latest candle does not suggest a reversal, $122 may consolidate a technical bounce at the very least.

For a safer entry, $129 provides a better threshold to rely in any potential bounce.

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Comments

  • KSR
    12-16
    KSR
    👍
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