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Nathanael
Jun 22, 2015 3:16 PM

Tesla - Possible Head and shoulders Short

Tesla, Inc.NASDAQ

Description

With declining volume on this last rise, as well as an overbought RSI, we could have a pretty ugly head and shoulders pattern on the daily.

If we fail to break the ATH, I would bet on a decline, with a target around the 190 zone.

We all know this is a hell of a stock though. With so much optimism, we could continue to break new highs, so be careful.

Goodluck.
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