InTheMoney Stocks
Short

Tesla: Blow Off Top Possible

BATS:TSLA   TESLA INC
119 0 1
Tesla             Motors Inc ( TSLA             ) continues to power higher, ignoring valuation issues. The hype continues to be the story here and it has carried it up over 300% in 2013. Today however, the stock is speaking a new tune on a technical basis. First, the stock has a three bar surge on the daily. We find that major moves end on three bar surges. Next, the stock has an intra day topping tail on huge volume . This signals distribution and a possible top. Last, the market cap of this company is now almost 50% of Ford Motor Company (F) and General Motors Company ( GM             ). One last thing that should be mentioned, everyone, including the milkman is now talking about how great Tesla             is. The great market and stock tops are always put in when the average investors get the most bullish .

Gareth Soloway
Chief Market Strategist
http://www.InTheMoneyStocks.com
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out