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#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 14 August 2013 at 18:05 GMT
$TSLA trend update Aug 14th

It's really sad to see how the media misled many investors last week when it aired the wrong EPS; the stock price fell over $20 since last Thursday's highs and is still falling. The current fall in the price was suppose to happen earlier from the 145 level, right after the 2nd quarter announcement, and it wasn't suppose to be as bad!

Trading below 144 today will start another short-term trend reversal and if followed by a weekly close, it will confirm a weakening in the mid-term ascending course momentum. Such development is anticipated to bring the stock back to the 125 level, which can turn the mid-term trend to become neutral, and when it happens within the next 6 working days, the stock price would be developing a negative pattern called a broadening top that might have an additional implication on the long-term outlook of the stock. So let's .................. - See more at: http://sptinvestors.com/TSLA-trend-update-Aug-14th#sthash.dznc5eIW.dpuf

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