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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Relish This Tesla Look After the Fire Dies Down

chessNwine Tue Oct 29, 2013 11:28am EST 12 Comments

BXBuczVIQAE7lTi

With earnings early next month, Tesla continues to weaken as a momentum leader in today’s tape.

The 30-minute chart, below, indicates a breached falling channel. $158 is likely the first level bulls need to recapture.

Overall, though, as I noted in my video market recap yesterday Tesla has the type of action you seen when monster stocks finally decide to have that violent correction, even if it does eventually lead to a great buying opportunity.

What are you trading this morning? Throw some tickers my way.

please click on image to enlarge

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TSLA

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12 comments

  1. superocean9
    superocean9
    October 29, 2013 at 11:34 am

    Open longs; PEP, RDN, VVUS, PBR, BKW, GSAT, CTIC

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  2. chessNwine
    chessNwine
    October 29, 2013 at 11:40 am

    $RBCN getting worked over into earnings.

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  3. chessNwine
    chessNwine
    October 29, 2013 at 11:43 am

    Probably in sympathy with $CREE $VECO weakness of late, too.

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  4. Montrose
    Montrose
    October 29, 2013 at 11:52 am

    Like RC’s MEET, and still like LIOX, TA, NSPH, and MRGE.

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  5. Chalan
    Chalan
    October 29, 2013 at 11:54 am

    Hello Chess.

    Some ideas long for tomorrow
    CME. SRPT BBBY, MSFT.

    Markets want to pullback so small list.

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  6. strikeback
    strikeback
    October 29, 2013 at 11:59 am

    $balt is still trying to shake us out…thoughts?

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  7. Sooz
    Sooz
    October 29, 2013 at 2:04 pm

    continue to add back share INTERDIGITAL
    Status Filled at $34.70

    Sympathy For The Devil
    http://youtu.be/vBecM3CQVD8

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    • Sooz
      Sooz
      October 29, 2013 at 5:38 pm

      important to know they announce Q3 earnings Before Market (Confirmed) on Halloween.
      w/ 10.26% short interest

      Witchy Woman – Eagles..
      may have been a better song choice(?)
      http://youtu.be/eVXqocPAz1k
      😉 )

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