Trade Idea #34 - $TSLA - Short term upside

Oct 8, 2015

Entered long today (bought sub 230). Sadly just missed (about 25 cents!) the 250 short that would've played out very well.

Bought at 224. Stop near 220 thru 216. Target 240 area.

Reasons

• Sitting on 4HR and 1D ma support.
  
• Targeting both 1hr ma resistance.
  
• Index's and Oil pushing up.
  
• Historical support area.
  
• Testing dynamic resistance
  

Good Luck

Oct 9, 2015

Note

Revised set-up with reduced drawdown (see comment chart). Watching price action along resistance line.

Oct 9, 2015

Trade closed: stop reached

Drawdown reached. 1.5% Loss.