Since around the end of December Tesla has found a nice and reliable channel, until the earnings results when things got crazy. The spike has once bounced of off the top of the channel so the stock can continue its steeper ascend and even though I support Tesla they are not what I would generally consider a prudent company. So I only did an effort to look at the chart, any scrupulous analysis of Tesla is welcome!
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Another user, AndyCarter posted similar idea based on a bit different indicators:
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Tony Hawk did the 900 and was unbeaten for a long time. Tesla did $960 but it looks like it set itself the bar too high and 900 is turning into new resistance. There's a lot of weakness in this stock now. By that I mean - a lot of sellers ready to reap.
