DavideG
Long

SCTY - LT Trend Line Support

NASDAQ:SCTY   SOLARCITY CORP
231 1 2
SCTY             is down 29% from its recent high set on August 8th. With the latest move down, shares are nudged against its long-term trend line support, which has been intact since its IPO . Movement in RSI also suggests SCTY             should find support here - having returned to its all-time low and support level of 38. Entry at $56.55 - looking for at least a short-term bounce.

10.1.14 - 10:11am EST
Popped 6% after publishing chart, but then continued to trend lower - breaking below the TL yesterday. Still like SCTY's long-term prospects, but exited position at $55.85 this morning, given the likelihood of further downside before a recovery. Will be watching for another entry opportunity. 10.8.14 - 10:26am EST
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