I am thrilled that TSLA has done the opposite of what so many aggressive bears think would happen (most people think TSLA is worth 10% of its current valuation by using all kinds of valuation metrics that are reserved for companies that are in their mature stages of corporate life.)
For bears, at this level, I don't have trouble with a trade on the short side. I personally will not be going short, but I don't see a problem with taking the short side here for a move back down to 203-199. It may not happen, but the risk/reward is decent. This is a big level of resistance and will likely provide a stopping point at least.
NOTE: This chart is UNTOUCHED in the sense of the FORECAST that I had made on the right side of the chart. I wish all my forecasts would be this close.
Tim 12:25PM EST 5/27/2014 212.23 +4.93 last