12/18/2014 – Tesla
Issued: 12/18/2014
Tesla, TSLA:
1. In Tues. (Dec. 16) Williams edge live meeting it was noted that $192/$91 was important buying territory in Tesla especially if touched and closed above on the weekly. A test/attempt at $217/$18 was forecast.
2. Subsequently, Tesla tested the $192/$91 buying territory (Wed., Dec. 17 swing low, $192.65) effectively completing the $192/$91 buying territory. Although no official long entry occurred, the Wed. (Dec. 17) test of $192/$91 and the strong daily close ($205.82) prompted several aggressive subscribers to be long Tesla.
3. For those long Tesla, partial long position exit should be taken at current prices (current price $213.50). Further advance remains likely.
4. Our suggested protective sell stop is at $202.00. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 12/18/2014
Tesla TSLA:
1. Today (Thurs., Dec. 18) Tesla completed the forecast advance from $192/$91 to $217/$18 noted in our Tues. (Dec. 16) Williams edge live meeting and subsequent report. Today’s session high was $217.38.
2. For those holding for the possibility of a trend following exit our protective sell stop has been raised to $209.00. This stop will continue to be moved higher as the market continues to confirm. Will update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.