ThisTejas
Long

TSLA preparing for its next bull run

NASDAQ:TSLA   TESLA INC
TSLA weekly chart has a falling wedge with decreasing volume in the process.
The wedge is falling right into a natural S/R zone, where the 100 sma is also approaching, and there is a fib confluence zone (2 retracements, 1 extension). TSLA earnings date is Feb 18, 2015, which should be in the ballpark of enough time for the pattern to play out.

Comments

212 max. And SHORT. Target 182
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TreborDone TreborDone
17 february. I want see 175 USD
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It baset only on tecnical analys. For growth TSLA need new real invest or parner.
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jangseohee RuslanKagirov
something will just pop up from the neckline perhaps
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right shoulder forming?
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ThisTejas jangseohee
yes, I was thinking there possibly could be some longer term consolidation in this price range. Enough time for the big players to accumulate shares
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Also, we are seeing what can develop into a major crude oil reversal, which should increase the appeal for TSLA (has been correlated thus far)
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ThisTejas IvanLabrie
good point!
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Another good technical reasoning here.
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ThisTejas Technician
Thank you!
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