Descending triangle spotted in SCTY weekly. Will coal affect it's price?
I'm seeing two patterns. One is a descending triangle continuation or an inverse head and shoulder.
Whatever it is, do take the time to observe how it unfolds. Personally, I think it will bounce to $46 and then range. I personally do not think it will shoot up or shit all the way down.
I'm neutral
In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA...
Tesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end.
As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone.
Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining...
