$TSLA

The day went with the bulls but the bulls need to close above 200 maybe that will happen if DOW celebrates its own 20K round number.

 

President-elect Donald Trump has named Tesla and SpaceX CEO Elon Musk as part of a business advisory team for his forthcoming administration.

Uber CEO Travis Kalanick and PepsiCo CEO Indra Nooyi will also form part of Trump’s Strategic and Policy Forum.

“America has the most innovative and vibrant companies in the world, and the pioneering CEOs joining this forum today are at the top of their fields,” Trump said in a statement.
________________________
Ole Trumpy.... makin America Great Again.
lol

 

No failure, the stock is expected to keep above 200 the next week.

 

Buyers took over but not out of the woods yet. Watch $207 area a clue for bullish setup and below $197 a bearish setup

 

Just a little bit and TSLA will get $210.

 

Tesla adds $500M to borrowing capacity amid expansion
Tesla Motors and its subsidiaries added the borrowing capacity through amended agreements with their lenders, as the electric-car maker enters a year where it will be expanding production and integrating a solar-energy company. The automaker led by billionaire Elon Musk isgearing up to produceits first mass-market long-range electric car, the Model 3, by the end of 2017.(Automotive News)

 

Tesla is more likely to face a stiff resistance at its 200dma level $214 area before it rolls back but today's price action is a worrisome.

 

They will borrow even more. They need so much cash.

 

Shorting at the open tomorrow.

 

Recent bearish harami pattern was a concern for the bulls but so far managed to stand firm under brutal attack