TSLA Telsa Inc.) offers an objective short entry following yesterday’s bearish engulfing candlestick & divergent high. Note the current pending high-level bearish PPO crossover (which will also “confirm” the big negative divergence) and the subsequent corrections/trend changes that followed the previous bearish crossovers (with the PPO positive/above the zero line). One could run a tight stop above yesterday’s bearish engulfing candle or a wider-stop, ideally using a 3:1 or better R/R to one’s preferred price targets shown on the daily chart below.
TSLA daily Nov 26th