$Tesla Motors(TSLA)$ $TSLA is in a descending triangle pattern.
Everyone loves Tesla. I am also a big fan of Elon Musk and feels incredibly lucky to be able to witness such a genius during my lifetime. Fundamentally Tesla is also doing well, expanding to everywhere on the globe and challenging all the traditional car makers.
However looking at the stock chart, $TSLA is in a descending triangle pattern with lower highs ($900, $800, $700) and equal lows ($560). It is also worth nothing that every time after earnings, Tesla seems to start it's descend from there.
Unless there is some good surprise from the earnings this time, I expect Tesla to continue this down trend. This descending triangle pattern is considered broken if Tesla breaks $700. Good luck to all Tesla fans!
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