Last week, the stock price was able to avoid a short-term setback by penetrating the 150.31 level and creating a new short-term ascending course that can probably target levels beyond 180 level. However, the mid-term ascending trend is still loosing momentum and might show a sign of a trend reversal anytime within the next 13 days.
In the attached chart with the arrows, the third green arrow area shouldn't have happened because it was just a response to the misleading 2nd quarter's earnings. The the hypothetical red arrow is the probable scenario, especially if the stock price fails to go beyond the 176 level. ....... - See more at: http://www.sptinvestors.com/TSLA-short-term-trend-update-Aug-27th#sthash.SzU4S1ZI.dpuf