Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Tesla to make ventilators for free for US
-China sales hit high in March
-Tesla bringing back Model 3 to Chinese market
-Earnings: Tops Q1 earnings and revenue estimates
-Jun 11 2020: Stopping solar roof houses, giving back deposits
-Nov 16 2020: Tesla to join S&P 500
-Nov 18 2020: JPM upgrades Tesla PT to $525
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade first test short of 665
Confluence: 3m-JL
Strike Zone: 66
Sizing (lots + emergency): 40
Risk (stop / Rs): hold above 666
Review / Lessons Learned
Many had bearish thesis on TSLA since SPY incursion was priced in already, tried to enter at the intraday supply TL but it breached most likely because it bounced from the 650 macro level, -1R here
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-18 11:28:16 | TSLA | sell | $662.710 | short |
| 2020-12-18 11:34:34 | TSLA | sell | $665.000 | short |
| 2020-12-18 11:38:26 | TSLA | sell | $665.740 | short |
| 2020-12-18 11:39:37 | TSLA | buy | $666.120 | 0 |
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