TSuth

Tesla Update--11/14

Long
TSuth Mis à jour   
BATS:TSLA   Tesla
Today seems to have confirmed a bottom is indeed in and we should be on our way up to the $3-400 range. We may or may not have gotten our mini-wave 4 which is why there is a turquoise 3 on the chart. If this is v of iii then I expect it to finish impulsively in the box before a 3-wave retrace for micro-4.

MACD made a new high on the 1Hr chart, today appeared impulsive, and is rising on strength. This gives credence to a bottom. Today I picked up 10 shares to inch into a larger position with a goal of acquiring around 40-50 shares along with some call contracts. If/when I enter into any trades, I will try to post them on here. My goal is to enter on retraces. I expect wave iv to drop to the low-mid $230's when it comes but this is a wave (3) so the retraces we get could be very short/small.

I work the next two days so will do my best to keep y'all updated. Good luck yall!

Bonam Fortunam,
--Tyler
Commentaire:
As you see on this update I moved the wave 3 as it extended upward. Looks like we should get a slight retrace possibly to the .786 fib @ $232.29. The box in the bottom right shows the calls I'm looking at
Transaction en cours:
1 call bought
Slowly building into position
Commentaire:
Didn't quite make it to the 0.786 before bouncing. At least I got the 1 contract in before it was to late lol.
Commentaire:
I'd like to see this hit at least the 1.236 @ $249.4 before we get the micro-wave iv retrace.
Commentaire:
No new post tonight. We have officially made it into my box for this wave iii of v. I would like to see it make a new high on more neg div for the retrace coming up but we are officially in the box so it could end anypoint from now untill $255. The retrace for wave iv should ideally end around the low $230's. I work tomorrow and will watch it as able. Good luck everyone!
Commentaire:
We either topped in 3 or iii. Today will tell us...hopefully.
Transaction en cours:
Bought 10 shares
Transaction en cours:
Bought another contract. This leaves me with only 20 shares and 2 calls for Tesla
Calls exp 15 Dec $280
Transaction en cours:
Bought 1 more call, same exp and strike

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Bonam Fortunam,
--Tyler
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