TSLA, dragged down by Model X
The much anticipated Model X from Tesla from investor has time and again resulted in disappointment as the official launch has been postponed umpteen times.
Audi's Model S could be a party spoiler if it comes before Tesla's model X.
On end-Sept both uptrendline from Mar & May 2013 were broken convincingly. Price did crawl its way back to retest the undercut on 10 Oct but was rejected outright.
For the moment i thought i see a potential H&S topping which is about to complete should the price touch the neckline tonight.
I foresee the price movement as:
Path 1: price break the neckline in next few trading days all the way down to support, retest and fail at neckline.
Path 2: price flirting a false breakdown but break right back and continue consolidating in purple triangle until
1Q 2015 earning
Audi's Model S could be a party spoiler if it comes before Tesla's model X.
On end-Sept both uptrendline from Mar & May 2013 were broken convincingly. Price did crawl its way back to retest the undercut on 10 Oct but was rejected outright.
For the moment i thought i see a potential H&S topping which is about to complete should the price touch the neckline tonight.
I foresee the price movement as:
Path 1: price break the neckline in next few trading days all the way down to support, retest and fail at neckline.
Path 2: price flirting a false breakdown but break right back and continue consolidating in purple triangle until
1Q 2015 earning
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