Per Tim West's suggestion, Here are plots of the TSLA and it's inverse (220.69/TSLA). In the inverted form, I suggest one looks as the log of the inverse (if you are interested in linear movements).
Based on the technicals which plot looks more convincing for a trade position (Long vs Short).
I think a short position is more convincing. I think the stock will break the trend lines. Don't be shocked if the stock drops like a rock (target $177). TESLA' luster is wearing off with the introduction of the ugly Model X with lots of gimmicks and not a soul. The model S is a much be sports car than X will ever be an SUV/Crossover. In an SUV utility is more important than acceleration.
Based on the technicals which plot looks more convincing for a trade position (Long vs Short).
I think a short position is more convincing. I think the stock will break the trend lines. Don't be shocked if the stock drops like a rock (target $177). TESLA' luster is wearing off with the introduction of the ugly Model X with lots of gimmicks and not a soul. The model S is a much be sports car than X will ever be an SUV/Crossover. In an SUV utility is more important than acceleration.