TSLA announced it was going to share its patents for its electric car batteries (the best batteries in the world) and the stock held the very important earnings support level of 203-199 that I had outlined here at Tradingview two weeks ago. So, when there is news that could be perceived as negative and the stock doesn't go down, then it is setting up for relative outperformance to the market or the group. I view TSLA as being accumulated and at the margin, the short sellers are not in a strong position. Time for more rally action. $230 target, $195 stop. Buy dips to $210-$208.
Tim 6/16/2014 10:35AM EST 214.10 +7.68 last
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Plus there are 2 other chartists predicting 243, and this one has some ground :)
tradingview.com/v/pbx1mLvp/
If you click on the "light bulb" you can see everyone's ideas on the chart; bullish or bearish. There is something in the works that will let you see where each person has commented bullish or bearish on a stock chart, that way you can see if someone gets it right or wrong for the most part. Cheers, Tim
Here's what is getting the street excited about Tesla - a charger network supported by 3 auto manufacturers and beefing up the speed of the charge (more charge at a faster rate) AND the Model X is going to be built in just a few months. The SUV "falcon wing" design looks fantastic to me.
tradingview.com/v/pbx1mLvp/