Heed the Red Flag Tesla Stock Is Waving: TSLA

In retrospect, a trader looking at the situation with an unbiased eye can’t be entirely surprised Tesla Motors Inc (TSLA) shares are tanking now.Although Tesla undoubtedly builds one of the coolest things we’ve seen this invented this century, “cool” and the ensuing hype can only carry Tesla stock higher for so long before the rally runs out of gas. That’s just the nature of a story stock like TSLA.
The question is, at what price might Tesla’s stock chart finally stop bleeding?
Answer: It has less to do with a rebound in oil prices than one might think.
Tesla Stock Chart Tells the Tale
All stocks ebb and flow over time, so in that regard the up and down we’ve seen from Tesla stock since 2013 isn’t particularly remarkable. On the flip side, not every stock chart often waves the same red flag that the Tesla stock chart started to wave as of last week, and is waving more fervently now.  (more)

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