The New Tesla Model “E” and the Morningstar Reversal Pattern

By | July 18, 2014

It was originally supposed to be the Model “E” (maybe for Elon), but Ford threatened to sue and it was changed the mirror image, the number “3.” The $35,000 Model 3 is targeted for 2017 release.
Meanwhile, today the stock held its 50 day moving average after breaking below a short-term uptrend line and the 50% percent retracement level of its March high and May low earlier in the week. The last three trading days formed a small morningstar candle reversal pattern, and well see how it plays out next week.

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