In the end of August of 2014, Tesla completed the formation of a cup with a short handle, and within a few trading sessions, catalysts such as the China Unicom charger deal and Stifel's upgrade of TSLA with a price target of $400 caused the stock to break out and confirm the pattern. A similar cup and short handle has formed today ahead of the Model X reveal. TSLA CEO Elon Musk said in the last quarterly call that Model X configurations will be done in "Early July", which by Tesla time, is actually "Late July".
I think this stock is a long term winner. Bet on the jokey good things coming I believe if the market holds up
mazdaki
⋅
Although anything is possible with this stock, the handle has broken the trend line and is sloping in the wrong direction. it looks more like a bear flag to me.
tradingpro
⋅
This looks more like HS
mazdaki
⋅
yes a H&S is more probable (but only completes if the neckline is broken. The supposed previous C&H by the original author looked more like a stainer with many holes in the cup that did not sustain a significant price gain!