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TSLA Struggles at $240

NASDAQ:TSLA   TESLA MTRS INC
331 0 2
TSLA             continues to struggle to break and close above $240. This area on the chart has proven to be a formidable resistance level in the past.

The ADX is beginning to point up, so a trending move higher could be in play if the bulls can push forward and keep the momentum going to the upside.

We analyzed TSLA             and identified this $240 resistance area on the chart in a blog post published last month: http://www.syncubate.com/blog/2014/7/8/tsla-resistance-overhead

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