Tesla Motors -TSLA -Daily -Oversold enough and good risk/reward

700 4 11
As long as Tesla             is above the 10-day mode as marked on the chart, the upside potential is the better odds way to look at the chart.

TSLA             closed the gap which I marked "VISUAL GAP" in red from October when it gapped down on the release of the Model-D. Tesla             had rallied in the face of a declining market up until that day, thanks to Chm Elon Musk's announcement about the upcoming "exciting news".

The large, green triangle is also on the 10-day MODE, which adds to the support from the "KEY HIDDEN EARNINGS" level where Tesla             reported earnings (losses, actually, of 29 cents).

The volume histogram on the right also shows that there is more volume at the 240 level, which shows me that there are still shares that are accumulated in TSLA             and in strong hands. The 265-272 zone is a target area, just because so little volume traded there and there was the swift drop from that level in September after the long wave of analyst upgrades after the August earnings report.

So, now that TSLA             is oversold AND there is support underneath AND I could add that it has handled the big drop in the price of crude oil             over the last 2 months. The low price of crude does hurt the sentiment of investors and those on the fence deciding whether to buy an "all electric vehicle". The savings equation doesn't look as favorable when gasoline prices are pushing multi-year lows. If prices fall back to where Obama took office at $1.60 a gallon, then I think it would put a cap on TSLA             at the $200 level and a floor down around $150. To give TSLA             a sense of valuation, it is currently trading at 10.7 times trailing 12-month sales, which is expensive, but relative to sales growing at high double-digits, it could easily grow into the current valuation in a few years.


11/24/2014 11:54AM EST (I started typing when this was $242, $244.43 last)
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technically looks sound...but Norway news about having to replace the drivetrains is disconcerting as well as missing production targets...balance that out with positive talks with BMW probably a wash newwise...I'm still in the camp of short term puts after any pops...personally the stock is so volatile and twitchy I don't trade it directly...stomach can't handle it...some of the mo players have moved on to gpro and baba etc so it dosent feel as dynamic as it was..good chart work though..thx..will watch
Another Masterpiece...Great Work
Jeff Gundlach, of DoubleLine Funds, said on CNBC that he likes Tesla. That was from 11:55AM EST today.
Check out how TSLA trades from a peak of 14 times SALES (PSR>14) to a bottom of 10 PSR (PSR<10)
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