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Aug 11, 2014 6:39 PM

Tesla Motors Hits Double Top, Likely Going To $300 Short

Tesla, Inc.NASDAQ

Description

Tesla Motors Inc (NASDAQ:TSLA) slammed into a major double top today. While the stock will have resistance here, it is likely headed above $300 before a long term top. Having said that, I will not buy it, instead wait to short it above $300 per share. Patience is a traders best friend. Cheers!

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com
Comments
MarketAlly
It will be tempting to nibble at 236ish though
kenneth.maake
Please see the attached Idea. Do you agree? tradingview.com/v/uLi3JnxQ/
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