Nathanael
Short

Tesla is going to have to supercharge after this drive

NASDAQ:TSLA   TESLA MTRS INC
Tesla             , aka the "stock of 2014" looks like its wild drive might be coming to a temporary end.

As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone.

Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining volume are supporting this theory. Since the B wave is (and should a little more) higher then the top of wave 5, this suggests we will have an "irregular flat", meaning wave C should drop lower then wave A. But since this is a powerful company, a safe target to close short would be anywhere near the 190 zone.

Even teslas don't run forever. Let this puppy charge up for a while.

Good luck
mazdaki PRO
2 years ago
the stock is exhausted and you and other will short on any strength. The competition is heating up and wall street is don't with this. they will run it down to sub reasonable valuation as they are suckering buyers here at the top.
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mazdaki PRO
2 years ago
oh well, it looks like I was wrong and fresh money is coming in to push this to a more absurd level than it currently is. Looking like it is going to $336.
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