cmharkey
Short

Sell TSLA - Next Leg Down Until End of Year 2015

NASDAQ:TSLA   TESLA INC
Not very often does a stock form as nearly perfect a full Elliot Wave pattern as seen here.
Granted it is not perfect, however, it is so extremely close to finishing out the cycle that the previous moves must be taken into consideration.

I think it would be wise to pay attention to the looming failure of the Gigafactory...as that only comes into play:
(a) when it's finished, operational, profitable
(b) when more EVs             that can utilize its ability are on the roads
(c) depending on (b) of whether or not that happens in the US or even in China (which as of now is NOT likely in 2015)

China is in a pretty significant slow down which TSLA             was depending on for an emerging market to keep their momentum in profits/rev. That does not look like it will happen this year. The people that are buying new vehicles in china are buying from classic companies such as GM             and Ford....

EU Zone is going to be worthless this year for ANY company to bet on, might as well rip that bandaid off right now.

TSLA             also keeps touting that their battery technology will be some saving grace, even if things work out the way they want, the projections for revenue turned into EPS             is around $3 by some very notable estimators.
Giving TSLA             a swing of...$3, which would do absolutely nothing to hold back a stock price plummet.

Anyway, keep you eyes on the RSI trend, UO trend, MACD trend, etc.
If those lines cannot be broken by a large movement (sustained) then expect TSLA             to flounder through the rest of 2015 and end near $160.

Good opportunity for a short IMO             .
Saw the same wave :)
And I agree, good time to setup a short position
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