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.
Yorum:
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.