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TSLA The Bull And Bear Case

|Includes:Tesla Motors (TSLA)

TSLA has been making new highs just about every week now. Now for the bull and bear cases as seen by the online StockConsultant tool.

Bull Case

BULLISH Confirmation - Strong bullish 3 day chart pattern with Strong 3 day accumulation.
Confirmation - CONFIRMED breakout above 139.57, no resistance in area just above.

Bear Case

BEARISH Probability - Intermediate trend bearish, Unsustainable uptrend, may turn sideways.
Probability - Overbought, odds favor short trades.
Probability - Short term strong rally, rally may start to slow.
Confirmation - Extreme Neutral 1 day moneyflow, on an strong-extreme rally is considered bearish.

Support and Resistance levels

CURRENT PRICE 143.94, just above resistance, 135.1 ± 4.46, type single, strength 3
RESISTANCE ABOVE None.

SUPPORT BELOW -6.2% at 135.1 ± 4.46, type single, strength 3
-15.6% at 121.5 ± 4.01, type double, strength 8
-27.7% at 104.1 ± 3.43, type double, strength 10

TSLA Chart

TSLA stock chart by http://www.stockconsultant.com

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=TSLA

Stocks: TSLA