$Tesla Motors(TSLA)$ As I shared in my previous analysis June will be a volatile period because of the SpaceX ipo. Tesla's chart looks very bearish as it is trading below all the moving averages. Best case scenario it will trade sideways, but the spx and ES futures show signs of topping so expect more volatility in the markets. A great buying opportunity is coming soon, get your cash ready!
$Microsoft(MSFT)$ is finally rallying after months of underperforming. Next resistance levels to watch are $456 and $468 Where the 200 sma is. I believe msft will make new highs by the end of the year so enjoy the ride!
$Tesla Motors(TSLA)$ last week I posted that a great opportunity is coming for tsla bulls and sure enough tsla retraced to the moving averages, it even overshot dropping below $400. It has since rebounded nicely. I believe tsla will grind higher from here until June. The highly anticipated SpaceX ipo will cause some volatility as hedge funds and traders sell tsla shares for SpaceX. Will you sell your tsla stock to buy SpaceX?
$Tesla Motors(TSLA)$ a great opportunity is coming for Tesla bulls , tsla is retracing to the moving averages. $400 - $415 will be a great level to add tsla stock. The Spx is also pulling back, watch the 7000 level if it gets there load the boat for an epic run. SpaceX will eventually merge with tsla instead of chasing the overhyped IPO just accumulate tsla shares. Do you agree?