Right now, traders who read the chart of Tesla Motors Inc (NASDAQ:TSLA) are presented an opportunity to make a quick trade. The TSLA chart is approaching a resistance level at $244.27. That is where you can short the stock. The expected level for profit taking, would be at $242.77 (where you should sell half of your position), and $239.50 for selling the whole position. If the TSLA stock should trade against the expected lower path, $244.27 should be where you exit the trade for a small loss. That is how you read the charts and trade a stock for profit...
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Kristof De Block
InTheMoneyStocks.com