I would suggest $TSLA investors to support today’s low (173.93)

TechnicalHunter
05-30

I would suggest $Tesla Motors(TSLA)$ investors to support today’s low ($173.93) cause if we do go slightly lower we would be really testing investors patience

This Bulls Pennant truly needs to hold up if you want to see 183+ anytime soon but once again

If you see these levels being supported by $TSLA Bulls $173.93 - 175.06 - 175.60 - 176.47 - 177.30

this is a Signal to buy calls & we can expect a bounce towards 186.88/187.06 AT LEAST

Breaking below $174.93/$173.14 = Bearish & this is a signal to cut calls & buy puts

Cause I would be very impressed if we don’t breakdown towards $171.84 - 167.75

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Comments

  • Dr Rck
    05-31
    Dr Rck
    Just curious, why would the share price go up if the environment is not conducive enough, housing sale is slumping, the Fed is still restrictive, and car sale is still not showing sign of improvements although there is a smaller jump in China from last month but overall it is still much subdued, dont you think so? But technically speaking maybe you are right that it should have jumped higher.
  • Dr Rck
    05-31
    Dr Rck

    How long the support will last against the fundamentals? Something has got to give. 

  • Michelle_Trades
    06-01
    Michelle_Trades

    Great article, would you like to share it?

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