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Tesla
Long

TSLA at a critical spot

By jacobosiason7
Updated
TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge (bearish) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue pulling back. Will be keeping a close eye on TSLA here for potential long entries.
Note
Update- see previous charts
bear_flagBearish FlagChart PatternsTechnical IndicatorsLONGlong-termrising_wedgesmaTrend AnalysisTesla Motors (TSLA)uptrend
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