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TSLA Cup and Handle 2.0In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla time, is actually "Late July".
NASDAQ:TSLALong
by 32no
4
Who Made $195 So Important ???I was actually glancing at a 60 minute chart when I realized the $195.50 ish level on the chart. I chose to share a Daily chart instead. Back in December TSLA hit the $195ish level. Again in January. Again in February. And now again in March. Since December, when TSLA came down to the $195ish level, it managed to go higher pretty quickly. Will TSLA perform this time like it has in the past? Or will it break lower from here? Your guess is as good as mine... March 18 Update - The Dance Continues TSLA is still dancing around this $195 level. There was one day, a few days back, where it looked like TSLA was breaking to the downside. But the next day it gapped back up. Don't be impatient. If you are waiting for a break one way or the other then look for confirmation in that direction. It may not be a good idea to jump the gun on this stock at this time. Since my original post of this idea, Elon Musk announced a press conference for tomorrow. There is no telling what this new information will do for the stock. Longs or Shorts could benefit...
NASDAQ:TSLA
by TheTrendLineInvestor
6
Orbital Sciences Corp share price plungesShares in Orbital Sciences Corp have fallen faster than its Antares rocket in US pre-market trading overnight, dropping as much as 16 per cent after its mission to the International Space Station exploded spectacularly seconds after launch. The unmanned rocket was taking 5,000 pounds of supplies to the space station, but exploded shortly after it took off at a launchpad in Virginia. The good news is no-one was injured, although this is the first major failure since Nasa started outsourcing its missions to private companies, which also include SpaceX, the company founded by Tesla entrepreneur Elon Musk.
OShort
by charttrader
Tesla is going to have to supercharge after this driveTesla, aka the "stock of 2014" looks like its wild drive might be coming to a temporary end. As much as I love this company, I see us at a temporary top, and I am looking for a shorting opportunity in the 265-275 zone. Wave properties since March suggest we are in a corrective ABC flat, and are close to the B "top". Other indicators such as RSI and declining volume are supporting this theory. Since the B wave is (and should a little more) higher then the top of wave 5, this suggests we will have an "irregular flat", meaning wave C should drop lower then wave A. But since this is a powerful company, a safe target to close short would be anywhere near the 190 zone. Even teslas don't run forever. Let this puppy charge up for a while. Good luck
NASDAQ:TSLAShort
by Nathanael
2