timwest
Long

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

NASDAQ:TSLA   TESLA INC
423 9 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
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
2use
2 years ago
Not a pre-earn noise this time?
Reply
timwest PRO 2use
2 years ago
Good question: I'm just trying to get out of this trade ahead of earnings. I've thought to add that "pre-earnings noise" box on the bottom, but could have added the quote that we are in the pre-earnings noise zone. Thanks 2use
Reply
2use timwest
2 years ago
just wondered why this time you did not consider it noise. But indeed, holding into earnings this time seems riskier than usual
Reply
timwest PRO 2use
2 years ago
This is the "noise" time and time to pull in the horns and have smaller positions - It's been such a good trending stock and reacting to key levels, so I've stayed with it. It's been a great stock technically for a long, long time.
Reply
tompower
2 years ago
if I were trading it, it's a good precursor for alert or danger ahead.
Reply
timwest PRO tompower
2 years ago
? Care to elaborate ?
Reply
ChimbOt
2 years ago
sold
Reply
2use
2 years ago
Tim, wanted to ask you - do you trade on daily analysis only, or you do you get in when seeing some news pop up at some right time? Did you get in Tesla today before the run, or will get it later on?
Reply
timwest PRO 2use
2 years ago
I have my position in TSLA. I don't think the foreign markets watched Elon Musks tweet at 2AM, which I happened to catch since I was awake. I was about the 2nd person to give it a "favorite" ... So I set my alarm for 4AM when overnight trading begins and I watched how it traded (quietly around 224) and could have bought plenty of stock at 224. It was money sitting there for free. I just didn't pick any of it up.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out