Bull flag for TSLQ
$Tesla Motors(TSLA)$ has already declined 17% over the past two weeks, and opened this morning with a gap down below all major MAs.
This drop pulled the 10-day MA below the 20-day MA, triggering a short-term death cross. The selloff was fueled by news of Elon Musk’s intention to stay active in politics through the formation of the 'America Party'.
Price action in TSLA currently is gaining but any further sideway consolidation will morph out a bear flag (bull flag for $Tradr 2X Short TSLA Daily ETF(TSLQ)$ ), as one of the key liquid short idea as the weakest mega name currently in 1-month relative weakness.
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