Tesla Motors. Is TSLA Stock A Buy, Hold Or Sell? Easy To Understand Chart Analysis Video

by Olivier on December 23, 2015

One of the most widely followed stocks, TSLA – Tesla Motors, is about to reach a very critical chart juncture. The CEO Elon Musk is famous for his involvement in SCTY – Solarcity and SpaceX. Everything looks bright, like the iconic Tesla logo:

TSLA Tesla Motors Logo Elon Musk

Let’s take a look under the hood and see what a simple and easy to understand technical analysis video of TSLA’s stock chart can reveal:

The key takeaways are:

  1. The weekly chart is still in an uptrend.
  2. A complex bearish head and shoulders pattern has formed.
  3. Price is trading below the weekly moving 30 average in blue.
  4. A right shoulder might be in the making.
  5. If the uptrend breaks it is best to protect your position.
  6. If the pattern triggers the purely technical price target could be devastating.

Conclusion: Due to the very bearish technical price target, the main risk for TSLA holders is to give back a big portion of their profits. You can protect yourself by selling at the various price levels I outline in the video.

In the Tischendorf Letter Premium I explain important technical concepts. You benefit from my 17 years of trading experience. New leading stocks with actionable trade set-ups are highlighted on a regular basis. Join: https://members.tischendorf.com

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