Tesla Motors - Now trading close to the 'zone'

Follow up to previous analysis Tesla motors is at a nice level that is certain to attract both bulls and bears. Please read notes on the previous chart to gain context.

Full story (if you like a nice story) here -> http://t.co/claKseKaas

Expect some profit taking from shorts towards EOD .
Yep.. Now is the time to keep an eye out on volumes. A common price action I see is that price usually rallies from these levels (but on low volume) only to fall back. I suspect, most traders would go long on seeing such rally only it is short lived. In terms of downward pressure, 19/2 red candle was on 16.42M. Y'days candle closed on volume of 13.67M. Last time, price left this zone it was on 18M... so unless volume today is higher than 18 and a bullish sentiment candle (Long spread with a good bullish body) it would be risky to go long immediately. Last time a fake rally happened, it was on avg. vol of 8 or 9M. Rally was capped at 235 @ 11Mn. Let Tesla chop around for a bit. Volume will likely hold key and the earnings in 2nd week of May.
2use justatrader
yeah and i was one of the guys that actually added a bit on that 235. It was a bet, but a bad one.
I like that the solid part of the yesterdays bar is so within the area noted :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out