TSLA: bulls back in favor again

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8/1/2014, 11:30am PT

Albeit a lack luster response After Hours (AH) yesterday on TSLA’s stellar earnings, cash is running with it. Since cash is king, that’s what matters! So looking at the chart and the technicals it looks like we have a i and ii (intermediate) and a 1 and 2 (minor). Price is up ~6% today and the bollinger bands on the daily are starting to expand after a good contraction. I wasn’t too convinced of the count and until yesterday it was rather murky, with a possible abc up only… Given today’s price action I think the bulls are back in favor again.

TSLA update 08012014

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