Thursday, July 31, 2014

Tesla chart updated

Tesla (TSLA) will report earnings later today
You can read a very good article from Bloomberg about what specific news are expected from Tesla.
What is price telling us ?
Uptrend intact (long term), trading signals are still bullish
Mid term trend? Lower highs ...
Since I expect high volatility, will again take the same scenario as I did with Twitter, and apply it to Tesla.
Warning ; Apply those scenarios with high volatile stocks that the media loves only!
Very short term call options
Mid term put options ; why ? Huge PS ratio and high Forward PE

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