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  • TSLA The Bull And Bear Case 0 comments
    Aug 6, 2013 3:10 PM | about stocks: 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

    (click to enlarge)TSLA stock chart by http://www.stockconsultant.com

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

    Stocks: TSLA
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