praveen
Long

Long SolarCity (SCTY) for the next uptrend

NASDAQ:SCTY   SOLARCITY CORP
124 0 1
After the previous up-trend from 42 to 90 Levels, SolarCity             ( SCTY             ) corrected to the 56 levels. It has now formed the first signs of an up-move and possibly an uptrend. A good trade would be to go long above 'c' ( based on elliotts ) in the hourly chart with 'b'( earliest exit and a possible indication that the correction in the day-chart would continue) as the stop-loss. Though the target of 74 (3rd wave Tgt             ) is based on hourly charts , one should look at allowing the trade to run towards the 3rd wave target of the day charts which would be around the 100 Levels.
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