Topping Tees

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%.

TRLA Daily

TRLA Daily

 

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.

TSLA Daily

TSLA Daily

 

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