$Tesla Motors(TSLA)$ made a higher high last week, but it was thanksGiving week with very low trading volume. The Spx broke out of a sloping trend line which is bullish but the huge sell off in the crypto market this morning shows that the environment is still risk off and the breakout of the Spx could be a bull trap. If that is the case tsla will likely trade back below $400 this week. What do you think? Is it a bull trap or a buying opportunity?
$Tesla Motors(TSLA)$ get ready for a generational buying opportunity! After breaking down from a double top pattern tsla tried to reclaim the neckline of $414.5 but couldn't close above it and was rejected twice. Price is consolidating Between the neckline and the 100 sma. The S&P index could be forming a head and shoulders pattern. If 6550 can't hold as support it's gonna get very ugly. Your portfolio is going to bleed but many of your favourite stocks will be in deep discounts so buckle up and get your cash ready haha [Miser]