Dizkover#StockIdeas: #TSLA is getting really interesting today
Updated December 12, 2013 ● 1,532 views
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If you look at the the hourly chart of TSLA, all major moving averages are crossing in the hourly chart.
TSLA Price Action Scenario:
- 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).
- 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:
- Bought JAN150c @142 - I bought early when I noticed an aggressive morning bullish price action
- Bought extra JAN155c @146 - after it broke $145 resistance. Could target $160 soon.
Also Read:
- How To Trade Using Fibonacci Retracements | #FB #TSLA
- How To Trade With Fibonacci Extension? | #YHOO
Past Trading Performance:
$145 resistance clearly broken. $155 is ideal next target on the daily.
David · 11 years agopermalink · reply (2)
@David: Hi, is 90day 1hr data always good to get fibs right? learning a lot from reading your posts and charts.. thx
azbaliga · 11 years agopermalink · reply
@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 · 11 years agopermalink · reply