Friday, March 27, 2015

Tesla- looks like it is ready for a break out.

Tesla- looks like it is ready for a break out.
Look a the chart below. It has a strong resistance line. There is a support line too around $185-190 level. I think the sentiment is negative. Plus, overall market is showing weakness too. This makes it hard to say anything. Will Tesla stock TSLA just give in and go below $150? I think it will try to trap the bears and go to $250 one more time and form a sort of head and shoulder pattern. Anyway, I can't say anything for sure because I don't know anything for sure.

Here is TSLA stock chart.