Note the last exit signal at 260 and now the return to the 220 level where there are 15 days of time and therefore is the maximum support level for the previous rally from 180 to 290.
CCI is oversold and turning up.
Risk 1 ATR (11-day). Upside to 240-250.
Tim 224.69 last 10:09AM EST 10/15/2014
Comments
rosecasanova
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Hi Tim, great charts as always. I'm liking TSLA right here, I also like that you use time and price symmetry. I am learning that it's a great tool for important support and resistance levels. It's got me in and out of the market at important price changes which is very helpful since I trade options.
timwest
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$234.77 high so far = a nice bounce from $224 or 10 pts, 4%+ gain at best... ... but now looks to be opening $224 here this morning on Monday after options expiration.
ChimbOt
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wat should stops be at ?
timwest
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'"Risk 1 ATR (11-day). Upside to 240-250.""
timwest
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What were you thinking the stop should be?
ChimbOt
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last low
Smarttrade1st
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I will wait for $200 level
timwest
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Based on .... gut feel?
Alisho
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hope this buy will let me buy a Tesla :)) Thanks Tim