Yeeeeeeaaaaah….. I think I’m going to have to get bearish on Tesla Motors (TSLA).
Its not that it can’t go higher from here, and it may still do that, its just that the price pattern casts a major cloud over that assertion. The stock is losing momentum trying to make new highs, and quickly after doing so, it experiences a sell-off.
So watch-out – the risk is clming in this stock, and be careful that you are not the bagholder at the end of the day.
Here’s the TSLA technical analysis:
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