AI
Wednesday, April 01, 2015 3:24:30 AM
$TSLA Thoughts
Rising wedges keep forming resulting in pps bounces in the short-term. The overall downtrend is apparent on the 6-month and 1-year charts. I did a write up Sunday I think about TSLA's trajectory on the stock cycle with denial now, a rise to "the normal" meaning going back to the latest high and then a fall not seen yet as a return to "the mean" stock pps occurs. All speculation of course.
The current rising wedge shows support of $180 and resistance at $200 or so. If TSLA rises I think $195 can be attained. If it starts to fall I think the $180 area could be seen and then a bounce back to $190, as annotated on the attached option chains for 4/17/15 expys.
Rising wedges keep forming resulting in pps bounces in the short-term. The overall downtrend is apparent on the 6-month and 1-year charts. I did a write up Sunday I think about TSLA's trajectory on the stock cycle with denial now, a rise to "the normal" meaning going back to the latest high and then a fall not seen yet as a return to "the mean" stock pps occurs. All speculation of course.
The current rising wedge shows support of $180 and resistance at $200 or so. If TSLA rises I think $195 can be attained. If it starts to fall I think the $180 area could be seen and then a bounce back to $190, as annotated on the attached option chains for 4/17/15 expys.
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