x
Breaking News
0

Tesla Flashes Major Top Alert

By InTheMoneyStocks.com (Gareth Soloway)Stock MarketsJun 19, 2017 04:02PM ET
www.investing.com/analysis/tesla-flashes-major-top-alert-200196098
Tesla Flashes Major Top Alert
By InTheMoneyStocks.com (Gareth Soloway)   |  Jun 19, 2017 04:02PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Shares of Tesla (NASDAQ:TSLA) have topped. I expect the stock to have a large corrective move to $325, possibly as low as $285. Last Wednesday, euphoria hit an all-time high as the stock jumped sharply to new all-time highs. Tesla's chart put in a doji topping signal and has since been underperforming the broader market. Volume was huge on that doji day, signaling major distribution by institutions and smart money. In the days that have followed, volume has remained high.

Monster Move

As the big money exits, small investors who bought into the hype are left holding the bag. Investors buying north of $370 are insane. If they stepped back and did not let the emotion get the best of them, they would notice the stock has moved higher from $180 to $385. That's a monster 113% move since last November. Unless founder and CEO Elon Musk had cured cancer, such a move is not normal. I like Musk as much as the next guy but I'm also a realist and all signs point to a major top and correction in Tesla.

Tesla Inc.
Tesla Inc.

Tesla Flashes Major Top Alert
 

Related Articles

Tesla Flashes Major Top Alert

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Jay William
Jay William Jun 20, 2017 11:24AM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Read similar articles when $TSLA was trading for $240 and when it hit $300 and when.... get my point? #BULLISH
Reply
0 0
Dante Valerian
DanteValerian Jun 20, 2017 3:36AM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Better luck next time. Your article sounds pretty emotional, the mark of an amateur.
Reply
0 0
Mark Arigo
Mark Arigo Jun 20, 2017 1:13AM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ummmm....oops.
Reply
0 0
jibreel algeria
jibreelalgeria Jun 19, 2017 10:51PM GMT
Saved. See Saved Items.
This comment has already been saved in your Saved Items
lol, sounds like you missed on the rally...
Reply
0 0
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Please wait a minute before you try to comment again.
 
 
 
Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Add Chart to Comment
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email