We started posting about TSLA a little over a year ago when it dipped below important horizontal support [see: Can Tesla Avoid a Crash?] We’ve updated the charts multiple times since then, working to stay ahead of Musk’s obvious attempts to manipulate the stock. The harmonic picture has been tricky due to the presence of … continue reading →
Tag Archives: Tesla
Sometimes you just can’t catch a break. TSLA shares rose from 22 in 2012 to 387 in 2017 — helping drive Musk’s net worth to well over $20 billion. But, the shares have since formed a triple top, failing to top 390 and coming perilously close to breaking down. This isn’t the first time Musk … continue reading →
Futures are hanging on to a 4-pt gain, primarily on a continuing decline in VIX. With Jackson Hole coming up, we could see more volatility — particularly if Fed speakers back off their hiking schedule. Speaking of backing off…TSLA is back down to its horizontal and trend line support. As readers will recall, this is a … continue reading →