TSLA: About to Explode (again).

By Nathan_Black
• TSLA finally hit our target at $200, and it seems it wants to break it today;
• In this scenario, the trend will remain bullish, and it’ll seek higher levels, until we see a top / reversal sign. Either way, the next resistance is $237 - that's our next technical target;
• A pullback would be good, but TSLA isn’t giving any sign that it’ll correct right now. If it does a clear top sign under the $200, then we might think about a correction;
• Even if it corrects, there’s a support at $182.50 (red line), and wouldn’t be easy for TSLA to lose it;
• Eventually, TSLA will correct – but not today, it seems. I’ll keep you updated on this.

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breakouttradingPivot PointsSupport and ResistancesupportandresistancezonestopsignalTrend AnalysistrendanalysisexplainedTesla Motors (TSLA)
Nathan_Black
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