Most People See the declining channel off the highest high last sumer and think Tesla is in a massive downtrend. I heard it on CNBC yesterday from their main technical analyst (I normally listen to Bloomberg during the day, but I wasn't at the office) and felt very good that the "Common Person" view of the Tesla chart was bearish.
You can see clearly that every year's low is above the previous year, so this "LONG TERM" trend identification is still in place.
The NEW news about Elon Musk taking Tesla in the direction of automatic driving cars is a big departure from their current plan, but I believe he is right and that he must have a lot of confidence based on what Tesla has put together so far.
I threw this chart together and drew in the blue line to estimate a mid-range of the current trend, but it is a bit sloppy. Either way, this is just my line of thinking given the "new news" from Tesla.
Tim 196.24 +1.51 last 3/18/2015
You can see clearly that every year's low is above the previous year, so this "LONG TERM" trend identification is still in place.
The NEW news about Elon Musk taking Tesla in the direction of automatic driving cars is a big departure from their current plan, but I believe he is right and that he must have a lot of confidence based on what Tesla has put together so far.
I threw this chart together and drew in the blue line to estimate a mid-range of the current trend, but it is a bit sloppy. Either way, this is just my line of thinking given the "new news" from Tesla.
Tim 196.24 +1.51 last 3/18/2015
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