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Why $TSLA Is Most Likely Headed To $342 Before A Major Top

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Tesla Inc (NASDAQ:TSLA) has been the strongest tech/auto stock in the market in 2017. Huge gains have sent the share price above $300. I cannot tell you how many investors have come to me and asked where the stock will top? After analyzing the stock chart for some time, a measured run tells us that it may go as high as $342. This comes from noting that the last run on the stock was approximately $100 higher without any major correction or pause in upside. Therefore, the current leg up will likely match that move and take the stock to $342. Once it gets there, investors can likely start shorting it for a bigger corrective move lower.

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Stock market investors analyze chart on Tesla Inc for top


This article was written by Tony Jackson for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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