Tesla: Hooting all the way?!Tesla
Short Term - We look to Buy at 688.08 (stop at 625.32)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Posted a Double Bottom formation. This is positive for sentiment and the uptrend has potential to return. Preferred trade is to buy on dips. Further upside is expected.
Our profit targets will be 837.27 and 880.00
Resistance: 840.00 / 960.00 / 1100.00
Support: 680.00 / 545.00 / 400.00
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