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...
I was actually glancing at a 60 minute chart when I realized the $195.50 ish level on the chart. I chose to share a Daily chart instead.
Back in December TSLA hit the $195ish level. Again in January. Again in February. And now again in March. Since December, when TSLA came down to the $195ish level, it managed to go higher pretty quickly.
Will TSLA...
Shares in Orbital Sciences Corp have fallen faster than its Antares rocket in US pre-market trading overnight, dropping as much as 16 per cent after its mission to the International Space Station exploded spectacularly seconds after launch.
The unmanned rocket was taking 5,000 pounds of supplies to the space station, but exploded shortly after it took off at a...
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...
