Traaaderz

TSLA Case for long

Long
NASDAQ:TSLA   Tesla
For the majority of the day TSLA followed the resistance turned trendline formed by the prior session. However a steep plunge in the last 30 minutes to the 10 hr MA and a slight recovery ended an otherwise steady move up. This was likely due to the attempt to unsustainably double the rate of growth set by the previous session. Since the trendline set by yesterday's rate of growth has not yet been violated but has instead proved to be a strong support as evidenced by a bounce near it, there is likely to be further upside in tomorrow's session.
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