Dizkover#StockIdeas: #TSLA update... could target $160 with Fibonacci chart
Updated December 18, 2013 ● 857 views
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TSLA is ripping it today after it broke $145 resistance yesterday. This could hit the next Fib target above $160 area in next few days. Also notice the bullish cup and handle pattern. Daily chart shows $155 area could be first target.
This is the best swing trader chart. Right on the money of the Fibonacci retracements!
The pullback from 61.8% ($151.8) today could mean re-testing the $145 level next week. If that holds well and started to go higher and past 61.8%, $162 should be in the bag.
Have a good weekend!
DISCLOSURE: Bought calls yesterday. JAN10 150c and 155c
UPDATE 12/17: Closed all calls at $154 for 60% profit. Though $162 is target.. $154 is a heavy resistance line of uptrend channel which could pullback. It's best to take profits. Bought small puts for pullback to 50% Fib line.
UPDATE 12/18: Just like the chart prediction, pullback to 50%, trading at $147 now. Sold puts for 45% profit. No position.
Alert posted on TSLA:
Also Read:
- How To Trade Using Fibonacci Retracements | #FB #TSLA
- How To Trade With Fibonacci Extension? | #YHOO
Posted on stocktwits. Sold all calls yesterday when resistance is met.
admin · 10 years agopermalink · reply (0)
Beautiful technicals... next week will be a lot more interesting.
David · 10 years agopermalink · reply (4)
@David: Hi David, looking for good book to learn fibs trading, any suggetions plesase?
azbaliga · 10 years agopermalink · reply
@azbaliga: let me find the pdf book I downloaded in my iPad few years back...
David · 10 years agopermalink · reply
@David: how do I follow you on stocktwits?
azbaliga · 10 years agopermalink · reply
@azbaliga: this is me.... http://stocktwits.com/roceller
David · 10 years agopermalink · reply