TESLA Stock Analysis

[private_GANN TRADING GROUP]

We’ll now turn our eyes and interests to the hotter stocks in the US Stock Market beginning with TESLA (symbol TSLA).

TESLA has been on strong upswing this month and as of Friday we find the stock priced near it’s highs and in a strong position.

Let’s look at the price chart for TSLA to see just where we are and where we’re coming from this month:

tsla

CLICK CHART TO ENLARGE

The present support price area to watch is at 244.00. If prices pull back below this price level on an hourly basis, this will be a strong indicator that a downward trend is starting.

If price is strong enough to break above the triple top at the 251.00 area, we can expect prices to advance to 258.00 before encountering resistance and a possible pullback from there. – George

[/private_GANN TRADING GROUP]
  • May 29, 2015