TSLA daily Jan 5th
TSLA (Tesla Motors Inc) hit sole price target of 206.20 was hit for a 17.6% gain on Dec 9th. Although TSLA will likely hit at least the bottom of the target/support zone, this trade is now completed so consider booking full profits and/or lowering stops.
This trade, just as with the previous short trade on TSLA which also hit the sole target for a 17%+ gain in late 2013, was based not only on a bearish chart pattern & trendline break but also used short interest data in order to help confirm that a near-term reversal in the stock was likely due to the extreme bullishness (as evidenced by the plunge in short-interest to multi-year lows).