Tesla Presents a Speculative Long Trade
Shares of the electric car manufacturer Tesla Motors (TSLA) are up more 3% in today's session, and the technical conditions on the chart and a 53% short interest are setting up a speculative long trade.
The weekly chart shows the stock price since the company came public, and the dashed black line is a regression line, or best-fit straight line of closing price. It is the baseline from which slope is calculated, and I use it to dissect consolidation patterns and to identify trend within a price range....269 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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