Pascal
11-04-2013, 12:02 PM
TSLA is confirming the reversal of last week.
Even though EV is positive, volume is a little weak for now.
I suppose that the earnings of tomorrow will either push the stock above its resistance or as a good TA investor, I will proudly tell you after the fact that TSLA reversed down from its resistance level.
The basic point is however that institutional investors do not like to increase their positions just ahead of earnings. They might do so because they are rather confident to be able to gain or they do not want not to be invested.
Pascal
2061920620
Even though EV is positive, volume is a little weak for now.
I suppose that the earnings of tomorrow will either push the stock above its resistance or as a good TA investor, I will proudly tell you after the fact that TSLA reversed down from its resistance level.
The basic point is however that institutional investors do not like to increase their positions just ahead of earnings. They might do so because they are rather confident to be able to gain or they do not want not to be invested.
Pascal
2061920620