Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

TSLA Continues to be Technically Challenged


As I see Tesla Motors, Inc. (TSLA) from a techincal perspective, it is navigating between two critical levels: 225-229 on the high side vs 185-177 on the low side.

Whichever side of the range is breeched and sustained should a powerful move $25-$30 in the direction of the break.

The fact that TSLA has broke --and is trading-- beneath both its 50- and 200-day EMA tilts the scales in favor of downside follow-through to 150-140 thereafter.

Only a climb above 225.50 will compromise the current negative technical set-up.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!