25Jun12:43 pmEST
Hi-Tech Driving
While TSLA is inching up again today and is currently the top trending ticker on Stocktwits, inside Market Chess Subscription Services we have been playing the self-driving Israeli stock MBLY again on the long side. We played the original breakout earlier this month, and are now looking for the many shorts in the name to feel the heat a bit.
After some low sell volume weakness, the stock is bouncing back nicely for a potential upside breakout from the "bull flag" pattern outlined on the daily chart, below. My entry was at $54.20, with a stop-loss at $52.50. I would consider an add-on to my existing position if the strength holds today.
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