The next resistance sits at around $260 level. (ATH & rising channel) It is pretty unlikely that we'll see a correction back to 230 level again unless there are any major events happening globally.. -Model X -China trademark issue resolved -gigafactory
From a technical perspective the $230.65 resistance is a critical area for the upward break and any dip under $217.56 support should be watched as a change in momentum... In the medium-term Elliott Wave Cycle and the Fibonacci Retractment suggest that $244.73 can be seen as a Target with a stop loss at $217.56... Any comments or suggestions would be much appreciated...
Pretty attractive bet for quarterly announcement in 3 days if the price isn't pumped beyond US $235 by then. Catalyst: -The upcoming Tesla Model X by early 2015 -More details on the gigafactory battery partnership with Panasonic (Confirmed) >>> Big loss will continue due to the cost of the land and building, Panasonic will cover the cost of the...
TESLA is currently testing a short-term support. It could reach a good buy point to open a long position. However, caution has to be taken as the earnings report of the 2nd quarter approaches.
Tesla must break 244-245 in order to breakout to the upside. 244.44 or 244.32. We had a very good chance monday and tuesday. If we break out 244 get ready to buy to get high. We need a 2% move up wednesday and then we are off to the races.