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DrAmit
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  • Tesla Stock Movement And Trends 0 comments
    Aug 21, 2014 10:10 PM | about stocks: TSLA

    It's been a rocky this week and interesting for TSLA stockholders as here is the summary.

    Last Friday on lighter than normal volume we closed slightly up a dollar to 262.01 from a previous close of 261.38. That day Musk and Tesla announced the change of the warranty for the Model S bringing about criticism but a higher opening Monday to reach an intraday high north of 267.26 only to settle under 260 for the day down a couple. Each day we have seen a progressively lower close which seems to be tapering around the 254/255 area. As well the intraday movement of TSLA has been about 2% from the high and low.

    Volume has been lower than average for the whole week.

    I believe we are consolidating here and looking to go higher. The trend lines do not mirror the s &p or other indices but rather have its own group of investor/speculators. I would not be surprised if we break toward $260 tomorrow with avg volume.

    News of the gigafactory if and when it comes in the next 1-2 months will drive this stock to 280 at least IMHO.

    I do feel we approach again the 260 mark tomorrow intra-day before closing at 258 and change.

    Stocks: TSLA
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