2waytrading

$328 Is a possible target next 6 Months

NASDAQ:TSLA   TESLA INC
160 0 2
I'm a fan for high beta stocks and love their wild movements but this company falls an average of 35% every-time it gains about 50% from any significant low. It may sound crazy but it looks if price overcomes recent overhead resistance at and around $271 area we believe that upside target is achievable provided S&P 500             moves above 2100 by the year end. By evaluating last month's price action, and since the IPO the stock tends to fall more than it does upside when it comes a monthly price action. Last 66 months it has been trading in the market, the price only moved upside an average 7% while it fell more than 17% on monthly bases. The worst being 26% and the best being 25% respectively. So far October started with big swings but as long price stays below the MPP at and around 252.31 will stay away from it. It looks a good trade could come if price pushes above it with strong volume if market's mood remains bullish or if price pushes much lower like recent swing low at and around 236.97 and market's mood remains at least neutral. Real time alerts try http://www.2waytrading.com
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