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Tesla Q2 deliveries approaching: Turnaround or treadmill?
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i made some quick bucks

$Tesla(TSLA.US)$ now i know some of you are die hard elon musk fans i respect him as an entrepreneur and this whole rally from a technical perspective it was somewhat predictable so I bought some shares 2 weeks ago and I made good money with these shares.
but i have just sold it just now when the 1 minute MACD crossed over again it is good enough for me the profits it's just a quick swing trade.
the delivery figures are coming out tmr and look I don't think those figures will be good because of weakness from China I don't think tesla realistically can gain a moat in EV with all these chinese manufacturers so those delivery numbers might not be great I don't know if people have already priced in that expectation but I don't feel confident enough holding these shares through those delivery news.
on the other side if those figures turn out to be great then yes I will reenter my long position I am perfectly ok to lose out on some potential profits to protect my downside risk. i might even buy some calls if the numbers look good just to speculate on short term upside because look this ticker has a massive price gap from its previous ATHs and people might start flocking back into it if they see the stock on a strong bullish recovery
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i enjoy identifying stocks with rock solid growth fundamentals that exhibit high potential for 3 digit returns
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