TSLA - may approach all time high if it breaks thru resistance
TSLA - may approach all time high if passes thru resistance
Oh well we have reached the downtrend resistance. A summary is provided based on linear regression analysis.
If TSLA breaks through the resistance (which is still possible based on the show and tell scheduled for Thursday), we will at least reach the mean of 270 and potentially approach the all time high.
Linear Regression Analysis For TSLA (270+/- 30):
-3 Std Dev = 200
-2 Std Dev = 220
-1 Std Dev = 250
Mean = 270
+1 Std Dev = 300
+2 Std Dev = 320
+3 Std Dev = 345
1/1/2014 LR Mean = $170
1/1/2015 LR Mean = $305
Mean Price Increase Per Week = $2.60
Bullish proposition = +$60 (3:2)
Bearish Proposition = -$40 (2:3)
Oh well we have reached the downtrend resistance. A summary is provided based on linear regression analysis.
If TSLA breaks through the resistance (which is still possible based on the show and tell scheduled for Thursday), we will at least reach the mean of 270 and potentially approach the all time high.
Linear Regression Analysis For TSLA (270+/- 30):
-3 Std Dev = 200
-2 Std Dev = 220
-1 Std Dev = 250
Mean = 270
+1 Std Dev = 300
+2 Std Dev = 320
+3 Std Dev = 345
1/1/2014 LR Mean = $170
1/1/2015 LR Mean = $305
Mean Price Increase Per Week = $2.60
Bullish proposition = +$60 (3:2)
Bearish Proposition = -$40 (2:3)
