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Wisedom
Jul 11, 2014 3:32 PM

Tesla Daily. Short

Tesla, Inc.NASDAQ

Description

Bear Flag forming around 220 pivot.
Comments
A-shot
202 target?
Wisedom
200ish (so 202) seems a logical spot, 20 point drop, consolidate, further 20 point drop to a round number. It would not be out of the question that it consolidated and continued lower from there with the 200sma @190ish and a major low @177.22. The high SI makes it prone to rips but the lack of new highs from the break of the large bull flag in May/June makes it vulnerable IMO.
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