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TiborVrbovsky

Tesla to retest $500 mark.

Long
Tesla (NASDAQ:TSLA)  
TiborVrbovsky  
NASDAQ:TSLA   Tesla
Support and Resistance Triangle tesla Tesla Motors (TSLA) teslamotors tslalong Stocks stocktrading stocksignals stockpicks
2
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supportandresistance triangle tesla tsla teslamotors tslalong stocks stocktrading stocksignals stockpicks
Tesla is in ascending triangle which has bias to break to the upside.

Good fundamentals and strong demand.
RSI is also in ascending triangle.

I expect the price to either retest the uptrend line or break the $460 mark and go for $500.

How to play this?

So either buy the break of $460 or set a long position at $415 for improved reward.

Good luck!
Tibor

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