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Tesla: Potential Bearish Reversal
Tesla
Short
Tesla: Potential Bearish Reversal
By Technician
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Nov 3, 2013
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Nov 3, 2013
The recent parabolic run in price may have come to an end, as major technical weakness, reversal signals alarming for a potential top.
-A classic trend line break
-A classic head and shoulders reversal
-50-days SMA break
-Bearish momentum
-First Bollinger bands break since February
Add to that, the bubbly behavior of the shares in the past few months
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