timwest

Tesla Motors -TSLA -Daily -Turned up from oversold, Trail stops

Long
NASDAQ:TSLA   Tesla
3
Now that CCI has turned up from -100 and held above -100 for several days, the turn should be at hand and the upside might be limited, especially ahead of earnings due (note on chart) in early November.

Trail you stop at breakeven from here or just take half off and put a stop on the remainder at breakeven.

Either way, I'm cautious here. Buying oversold can be dangerous, but so far, so good.

Tim 3:28PM EST 10/20/2014

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