kyleeto
Short

TSLA false breakout?

NASDAQ:TSLA   TESLA INC
Tesla has tried to make a move into the upwards moving channel today. If it cant keep up this momentum and returns to its downward channel we could see it hitting $700 or possibly even $680 very quickly...

again this is if it breaks back below the trendline (which would currently mean a move below ~$780)

Comments

how is this a fake breakout?
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ImpactDial shy_glizzy
@shy_glizzy, before the announcement it had broken support and shown clear resistance at 800. The recent jump is due to tesla share announcement but it is still showing resistance at 800. the timing of this announcement is manipulation and is actually a smart move from tesla to take advantage while excitement and price is still up.
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Alexcrofford ImpactDial
@ImpactDial, I see the same thing...I feel like it will flush and go sideways while shorts add in and then battery day in April might force them to cover.
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eyesicon shy_glizzy
Like everyone else I cannot understand the stock pump-up based on fundamentals, post earnings SEC filings that were not inline with post earning discussion, and with this offering to capitalize the company when it was said to be financially strong. So it makes no sense that this stock is up (absent manipulation) I just cannot trust what is going on. The issue of production with the coronavirus makes the company vulnerable and the stock offering timing should raise concerns.
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