Will $TSLA Tesla be a Fallen Leader
Tesla is hovering around it’s 200 day moving average. This is the line of demarcation. A possible trade setup would be a retracement up to the 50 day exponential moving average to try a short. However you only want to trade in the direction of the general market. The current situation is very interesting. One of the biggest negatives is the margin debt which is at levels seen in prior stock market tops. As well the leaders are the first ones to get hammered in a correction.
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