timwest

Tesla Motors-TSLA-Daily-Time at Mode-Update-9 Days Pattern Over

NASDAQ:TSLA   TESLA INC
358 1 4
Updated levels with 9-days on this decline set up new "boxes" of distribution" and measured declines from the "mode" of those distributions.

A second, lower 9-day distribution set up and the decline almost reached the target for both patterns just under the $216 level. The first 9-day distribution's time expired yesterday (Wed 10/22) and the 2nd distribution finishes today at the close.

The immediate upside target for the rebound of this distribution is to test the "mode" at the 247-248 level.

231.10 last, 10/22/2014 close.

Tim 8:12AM EST
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Also, since there is no new low for 5-days, there is an 'uptrend' in effect. Since TSLA is "AT" the mode from the new uptrend, it isn't in a 'strong' position. One day holding above Wednesday close of 231 and it will be a solid buy signal, for 5-days.
+2 Reply
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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