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ThisTejas
Jan 31, 2015 5:47 PM

TSLA preparing for its next bull run Long

Tesla, Inc.NASDAQ

Description

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
TreborDone
212 max. And SHORT. Target 182
TreborDone
17 february. I want see 175 USD
RuslanKagirov
It baset only on tecnical analys. For growth TSLA need new real invest or parner.
jangseohee
something will just pop up from the neckline perhaps
jangseohee
right shoulder forming?
ThisTejas
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
IvanLabrie
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)
ThisTejas
good point!
Technician
Another good technical reasoning here.
ThisTejas
Thank you!
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