If you are a bull you be looking for a ABC pattern to mimic history and price action when model S was introduced (Approx. +70 from here). If you are a bear you be looking at the Head and Shoulder pattern and past history in price movement (-70 from here). If you are a trader you are looking to buy the stock at Green Dash lines and get out on the Red Dash lines (or short at Red Dash line and close open position at the Green Dash line.
So since we are close to intersection of two Red Dash lines, I actually have a short position with a stop at 275. If I am stumped out, I will go long or wait to go long at the Green Dash lines.
Comments
mazdaki
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It would be interesting to see if we have a confirmation of the start of a downward trend. My Red (sell) line and Green (buy) line may need to be modified based on developments. If you are wondering what is the top red dome line from the start of tesla trading and where the halfway line is the all time high of last September.