$Tesla Motors(TSLA)$ last week I posted that a great opportunity is coming for tsla bulls and sure enough tsla retraced to the moving averages, it even overshot dropping below $400. It has since rebounded nicely. I believe tsla will grind higher from here until June. The highly anticipated SpaceX ipo will cause some volatility as hedge funds and traders sell tsla shares for SpaceX. Will you sell your tsla stock to buy SpaceX?
$Tesla Motors(TSLA)$ a great opportunity is coming for Tesla bulls , tsla is retracing to the moving averages. $400 - $415 will be a great level to add tsla stock. The Spx is also pulling back, watch the 7000 level if it gets there load the boat for an epic run. SpaceX will eventually merge with tsla instead of chasing the overhyped IPO just accumulate tsla shares. Do you agree?
$Tesla Motors(TSLA)$ amazing run from tsla breaking the 100 and 200 sma. This could be the start of another epic pump. if price can pull back to the 200 sma around $405 it would be the perfect entry to buy, no guarantees that it will get there, when tsla moons it usually leaves everyone in the dust. At what price will you buy tsla stock?
$Tesla Motors(TSLA)$ managed to break above the 50 sma at $385. The next resistance is $410 where the 100 and 200 sma is, that is also the level where tsla got rejected during the earnings. If the Spx can continue to go higher then there is a good chance tsla can break that resistance but the indexes are overbought so I am cautiously optimistic cos it can remain overbought for a long time. Do you think the spy and qqq can go higher or are we topping?