Tuesday, April 5, 2011

TSLA Follow Up (long)

TSLA was an idea from March 29  within 2 days we had a nice move up of 17%, since then it's pulled back a little which is not unexpected. Today it looks to be gathering steam again for a new leg up.


 Original date the idea was posted.

 Support holds on a minor consolidation

 Yesterday we see accumulation into a lateral price zone (often that's when accumulation occurs)

This is part of a bigger bullish descending wedge with an implied price target of $35 so there's still plenty of potential

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