Bulls party at Tesla Motors

Tesla bulls still in control for the 5th week in a row after making a low around 140 ( previous article )
but is the party ending soon or it’s just the beginning of a bigger uptrend ?

The stock is approaching this year opening price area 230 which represent a strong resistance that will push it lower for at least a pullback , only a strong breakout will take away the bearish scenario else bears still has a word to say about this move .

Tesla Motor

If you are still holding your longs and wish to buy more , 182 – 176 is the next area to look for a bullish entry to add new shares .

Tesla Motor

If you think the party is over and this resistance area around 230 – 220 will hold for a move to 116 that’s your opportunity to short it .

Tesla Motor

AlienOvichO

Full time Trader & Analyst