TESLA in a tunnel

Feb 23, 2019

As you can see Tesla has stuck in a tunnel between 295$ and 321$ since last December. Tesla is the most controversial (and exciting IMHO) stock in the last few years and it may offer a good opportunity this time. As you can see the price has reached the level at 295$ again, a level that proved very strong support for the stock in the last month. If it won't break down this level there's a good chance to the price will go up again and it'll reach the level around 320$ in the next weeks. That would mean about a 6% yield in short term. If it will be able to climb above 320$ the next serious level would be at 350$. But if the 295$ level can't hold the price this time it would break out of the tunnel and the next potential stop would be around 260$ that is a good opportunity for a short position. Anyway, Tesla is at an exciting level right now and I guess it's worth to watch it in the next days.

Feb 28, 2019

Note

It seems TESLA moved upward the top of the tunnel is getting closer. In the next days we'll see whether it can break through it this time.