#StockIdeas: #TSLA is getting really interesting today


Updated December 12, 2013 ● 1,511 views
#StockIdeas: #TSLA is getting really interesting today
TSLA hourly chart

If you look at the the hourly chart of TSLA, all major moving averages are crossing in the hourly chart.

 

TSLA Price Action Scenario:

  1. Bullish: Breaking above $145 and shooting up to target above $160. How? if it starts breaking above 200ema (hourly) and bounce from 200ema in (30min).
  2. Bearish: Filling the gap down to $130. This will likely happen if it trades below $138.

 

How To trade TSLA?

Your safest bet here if you're bullish is entry when it breaks above $145. (around $146 area).

Remember, trade at your own risk. Always do your own research before trading.

 

DISCLOSURE:

UPDATE 12/12:

  1. Bought JAN150c @142 - I bought early when I noticed an aggressive morning bullish price action
  2. Bought extra JAN155c @146 - after it broke $145 resistance. Could target $160 soon.

 

Also Read:

Past Trading Performance:


IMAGES:

3 Comments

0

$145 resistance clearly broken. $155 is ideal next target on the daily.

David · 10 years ago
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0

@David: Hi, is 90day 1hr data always good to get fibs right? learning a lot from reading your posts and charts.. thx

azbaliga · 10 years ago
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0

@azbaliga: Thanks... Yes. I always look at the hourly chart first to plot the Fib levels. In most cases, it should be inline in what you will see on the daily too.

David · 10 years ago
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