Topping TeesPosted: October 28, 2013
Trulia & Tesla both are on the verge of completing a H&S Top. Lets take a look at each.
First up Trulia (TRLA). The 3-months H&S Top is sitting on gap on Aug 1st. Usually gaps act as support making this short idea tricky to enter. Short float is at 17%.
Meanwhile, Tesla (TSLA) 2-months H&S Top is less complicated with no gaps below. The pattern is completed upon closing below 160, targeting $130.. Short float is huge almost at 25%=1 in every 4 shares is shorted.
- Tesla Says Model S Driver Unhurt in Mexico Crash (bloomberg.com)
- Crisis Communications Case Study: Tesla Motors (business2community.com)
- ELON MUSK: Tesla’s Stock Price Is More Than We Have Any Right To Deserve (TSLA) (businessinsider.com)