02/11/2015 – Tesla

Tesla, TSLA:

1. In Tues. (Feb. 10) live stock meeting (and in recent stock meetings) it was noted that any daily and especially a weekly close below $220 in Tesla would place the market into a ‘Sell’ position for a sharp decline to $197/$95 into the week of February 17 (+/-1 week).

2. Since Fri., Feb. 6 Tesla began closing each day below $220, giving the earliest indication for new short entry for the above noted decline.

3. Today (Thurs., February 12) Tesla declined sharply and completed the $197/$95 downside target (today’s session low $193.28, so far). This completes the trade. Will message any further entry or indication in Tesla.

David Williams