32no
Long

TSLA Cup and Handle 2.0

NASDAQ:TSLA   TESLA INC
In the end of August of 2014, Tesla             completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA             with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA             CEO             Elon Musk             said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla             time, is actually "Late July".
I think this stock is a long term winner. Bet on the jokey good things coming I believe if the market holds up
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Although anything is possible with this stock, the handle has broken the trend line and is sloping in the wrong direction. it looks more like a bear flag to me.
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This looks more like HS
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mazdaki PRO tradingpro
yes a H&S is more probable (but only completes if the neckline is broken. The supposed previous C&H by the original author looked more like a stainer with many holes in the cup that did not sustain a significant price gain!
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