August 6, 2017 - 14:57
The Dow Jones has been setting new records nearly every day over the last couple weeks with the majority of those gains coming from GS, HD, INTC, MMM and AAPL - At the risk of sounding overly cautious I can't help but notice that it is rather unusual for the Dow to lead the market higher...
The expectation of higher bond yields has been giving The Financial sector (& the stock options traders in our group) a huge boost with triple digit gains as the XLF surpassed its highs made back in in 2007.
Tesla has completed a classic double bottom pattern that came to fruition over a 23 day period. This pattern remained invalid until TSLA closed above 348.12. The stock closed at 356.91 on 8-14-17, confirming the double bottom pattern as price closed well above the Fibonacci level of 348.12 - Should price fail to maintain above this technical level of support the pattern will be deemed invalid, however should this level hold we should expect the minimum upside target of 386.69 level to come to fruition over the next 23+/- trading days according to basic principles of technical analysis .
Our team expolits the power of automated interpretations of fundamental, value and technical based analytics to assist us in removing emotion, mitigate risk and disseminate investment decisions by automating dynamic and strategic stock options trading set ups that we share with members of our group in real time.
Investors in our group received a stock options alert in real time the moment we bought TSLA stock options which have already gained 77.6% in profit since our buy alert ,giving our investors a handsome 77% gain in under 3 hours (alerts timestamped on twitter.)
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TESLA, Inc (TSLA):
Tesla Motors, Inc. This innovative company designs, develops, manufactures, and also sells the worlds most powerful electric vehicles and its own revolutionary stationary energy storage products throughout the United States, China, Norway, and across the globe. Tesla primarily offers sedans and sport utility vehicles. This technology leader also offers electric vehicle powertrain components and systems to other manufacturers. It sells its innovative and unique products through a network of Tesla stores and galleries, as well as through clever Internet marketing. In addition, this disruptive powerhouse also designs, manufactures, installs, monitors, maintains, leases, & sells solar energy systems and breakthrough tech roofing systems to government, residential, and commercial customers; and sells electricity generated by solar energy systems to customers. Tesla Motors, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Previous Close 356.91
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Recent Technical Events:
PMO Trigger on Aug 4-2017⚠️
MACD trigger Aug 4 2017 ⚠️
Triple Moving Avg crossover Aug 4-2017⚠️
Price cross 200 DMA Jan 03-2017⚠️
Price cross 50 week ma on Dec 23-17⚠️
Long term trend: Bullish✔️
Intermediate trend : bullish
Short float: 121.52M
RSI (14) 59.52⚠️
ATR 13.68
resist. 416.44
resist. 386.69
resist. 381.08
resist. 349.56
supp 334.46
supp 325.35
supp 313.98
supp 308.83
supp 303.86
A low risk high reward set up has recently triggered on TSLA, we encourage investors to sign up with our group to be alerted when we will exploit this & other potentially rewarding short term set ups with real time stock options alerts.
Full Disclosure: The author is currently long TSLA
