ACTIV8X

Tesla Motors Inc.: Will it be 260.56 or 237.13? (weekly)

NASDAQ:TSLA   TESLA MTRS INC
Although Tesla             Motors Inc.'s reviewed its yearly sales objective to 50k down from 55k, mostly due to the falling prices of Crude Oil             , it has managed to finish last week in the green.

Regardless the fact that the equity seems to be caught up in a small tunnel, that can be seen on a daily scale, an eventual breakthrough of 254.05, would suggest a rally towards 260.56, its weekly's primary objective.

Breaching 244.05 will through Tesla             Motors Inc. back to a bearish market with 237.13 as an aim.

The equity's weekly Pivot Point is around 249.51. If it starts the week above the level it will suggest a bullish trend . The trend may be bearish , should it open below its weekly PP. The equity's weekly support levels are around 244.77 and 239.31. Its weekly resistance levels are around 254.97 and 259.71.

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