Facebook looks way too much like Tesla: Pro

VIDEO4:1304:13
Will Facebook follow Tesla?

Tesla's chart looks absolutely horrible, and Facebook could soon suffer the same fate.

Two weeks ago, I pointed out that Tesla shares had formed a head and shoulders. After a weak earnings report and news of another Model S fire, the stock fell through the $160 level, which formed the "neckline" of that pattern. The stock is now more than 25 percent off of its high.

(Read more: How to trade Tesla at a key level: Pro)

Related Tags