OPINION: BUYING TESLA AND THE WILD CARD $TSLA
Tesla, the electric-car maker, is a high-risk/high-reward stock. How can investors tilt odds in their favor? By understanding the bull-and-bear fundamental scenarios and using new concepts in technical analysis.
Reading the chart
Let us start out by taking a look at the chart.
Please click here for an annotated chart of Tesla.
There are two key points to observe.
First, there is a trendline slanting at about 30 degrees going all the way back to when the stock was about $45. As of this writing the stock is at $247.30. During this meteoric rise and punctuated by high volatility, the trendline has not been decisively broken.… Please click here or the title below to read more.