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StockEnigma
Jul 10, 2015 3:14 AM

TSLA possible H+S Short

Tesla, Inc.NASDAQ

Description

Tesla Motors stock looks like it could be forming a head and shoulders pattern with ~184.50 as the neckline. It also broke the uptrend line from the end of March recently and could be forming a bear flag. Historically this stock offers very good risk vs reward opportunities on the short side when this happens. The plan is to open a starter short with risk on 275-280 area. If the trade starts to work I will look to add more shares short as I see fit.
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