Watching $Tesla Motors(TSLA)$ to see if it can hold above 341.611. Like the 350c. There's a lot of upside around those levels, and 350 looks like it could act as a magnet.
This might not be a popular take, but I'm still calling it the way I see it. $Tesla Motors(TSLA)$ can grind higher if the broader market holds up, but I'm watching the range, not the hype. My base case is a slow drift toward resistance, and then a sharp rejection if the overall market rolls over. Until the chart structure actually changes, TSLA still looks like a sell-the-rips setup to me. I'm still bullish long term, but bullish doesn't mean blind. Would you be buying the breakout here, or selling the rip?
$Tesla Motors(TSLA)$ On the daily chart, the cycles and MACD are lined up well to support a move higher. 340 is the obvious target, but price is still dealing with a near-term support-resistance flip. A close above 320.2 would clear that.