timwest
Short

Tesla Motors - TSLA - Daily - 2 Reasons To Exit Longs right here

NASDAQ:TSLA   TESLA MTRS INC
508 4 10
1. Tesla             rallied back to the where the mode at 260-262 failed to hold on the way down.

2. The CCI is also very overbought at +170

As a 3rd point, totally separate from the chart, The KIA Electric Car seemed very impressive at first glance - the price (Under $30K net of rebate, Range was low at 100 miles, And speed of charge was fast at 80% charge in 30 minutes).

Either way, this was a decent "oversold rebound" trade and this is a decent place to exit.

Tim 4:25PM EST 260.62 last (THIS IS AN EXIT LONG - BUT I WANTED A RED TRIANGLE ON TOP OF THE CHART - So I have to put "SHORT")

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thanks timewest
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timwest PRO manijeh.kazemi.33
2 years ago
You are welcome -
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DemianThomas
2 years ago
so you exited off of a long position but you are not shorting TSLA?
Its getting resistance it at the broken trendline, news on the 9th and then a retrace back to 220? What do you think?
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Erstwhile Support, Once Broken Into Turns Resistance.
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