Tesla Motors Stock Quote chart analysis shows the formation of a big triangle. Breakout on either side may bring trending moves on the Tesla Motors stock.
Tesla Motors Stock Quote chart Analysis:
The Electric Car maker Tesla Motors Stock Quote up 76% on the 1-year time frame. The stock loses some ground on the 3-month time frame. It has formed a big triangle with $84 points height. The Stock has a big resistance at $350 and a good support at $340. If The support is broken then selling target is $248. If the resistance is broken then the buying target is $426.
For Intraday support is placed at $343 if support is broken expect some deeper cuts. The resistance for the stock is placed at $350 if resistance is broken then expect some smarter moves.