Wednesday, September 3, 2014
TSLA update
TSLA shares began to sell off today. While the action was not as significant as it was over at AAPL, the selling came on the heels of my topping call in this post. The next two technical supports are shown below in blue and red. Breaking them both down should be a strong warning of a significant sell off to come (perhaps on the order of 50% or more).
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It's been curious, to say the least, to observe the herd do an about turn on Tesla. Six months or so ago, it was giggly about the battery giga factory, now it feigns concern about over capacity, indebtedness, blah, blah, blah. Nothing of which are different now from the beginning of the year. What musk has the herd suddenly got a whiff of?
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