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.
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.
