#StockIdeas: #TSLA could hit $240, watch for a new high above $216 for entry


Updated March 7, 2014 ● 798 views

It's been a while. The last time I posted an idea was last year. I've been travelling after hitting it big last year. But now I'm back. 

My first likely call options trade will involve Tesla.

TSLA made a new high of $215.21 after earnings. Looking at the Fibonacci technicals, it is highly likely to hit $240 if it makes a new high. Watch for a good entry above $216.

 

DISCLOSURE:

UPDATE 2/24: Bought small common stock position @214 (obviously I didn't wait above 216). But you should have entered a trade at this point. TSLA closed @217.65, 3.84% up for the day.

UPDATE 2/25: Closed position @245. Not bad for a 2-day trade.


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1 Comments

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Doing really good in pre-market right now!

Good chart!

tech · 6 years ago
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