Tesla Inc (TSLA)

[DMOST]

As those who are short get a brief period of relief (not really). Tesla is still heating up for the next phase, upward and beyond $400.

Don't Let Tesla's Break to New Highs Surprise You: Chart

"Tesla (TSLA - Get Report) shares were up 75% in the first half of this year and the move higher isn't over, it's just completing a period of consolidation before the next phase higher. Share were off more than $9 Tuesday afternoon.

The stock had been trading within intersecting uptrend and downtrend lines for the last three months, compressing range and storing energy for a potential volatile breakout. That breakout triggered last week and the stock moved quickly back up to the June high. The stock is down today over 2% at this point in the session, but all the technical indications point higher, and any pullback should be shallow and of short duration.



On the daily chart the pullback off the June high can be seen retracing 38% of the December 2016 and 2017 high range. The following period of oscillation around the 50-day moving average formed the triangle pattern, and last week's breakout occurred in the $360 area. The pattern projects an upside price objective measured by taking the height of the triangle then adding it to the breakout level, and it targets the $430 area........."
https://www.thestreet.com/story/14311809/1/tesla-breaking-to-new-highs.html

GO TSLA, INC

"PEACE"

$$$$$$ ZOOM,ZOOM $$$$$$


AMADEINAMERICA ENERGY,TECHNOLOGY&CAR COMPANY